Overview
COVID-19 has disrupted life around the globe and left many businesses in desperate need of capital infusions to cover payroll, rent, and other basic operating expenses. In response, Congress and the president recently enacted the "Coronavirus Aid, Relief, and Economic Security Act" (CARES Act), which will provide an estimated $2 trillion in financial assistance to all corners of the economy.
Join Steptoe's cross-disciplinary team for a complimentary on demand webinar discussing the special considerations and potential risks associated with financial assistance under the CARES Act.
The webinar expands on the information presented in our "Borrower Beware" series (linked below). The Steptoe panel appearing in this webinar discusses:
- The scope and goals of the CARES Act
- The tools available to the government to police fraud, waste management, and mismanagement
- Lessons learned from the TARP investigations about potential criminal investigations into CARES Act participants
- Exposure to the False Claims Act and treble damages
- Special considerations for government contractors participating in the CARES Act programs
- The impact of CARES Act participation on a variety of critical commercial issues
Borrower Beware Series:
- Part I: Beware of CARES Act Oversight and Attendant Risks
- Part II: Avoiding False Claims Act Liability Associated With CARES Act Funding
- Part III: CARES Act Loan Certification Obligations Create Pitfalls for the Unwary
- Part IV: Lessons for CARES Act Participants from TARP Prosecutions
- Part V: Key Commercial Considerations for CARES Act Program Participants
Steptoe Speakers:
- Matt Kulkin, partner, and former director of the CFTC Division of Swap Dealer and Intermediary Oversight
- Mike Miller, partner
- Leah Quadrino, partner
- Ashwin J. Ram, partner, and former assistant US attorney in the US Attorney’s Office in LA
- Jeremy Glen, of counsel
- Caitlin Conroy, associate
- Jason Meade, associate