(Photo: SkyLine/stock.adobe.com) Buchalter, Dozens of Am Law Firms Get $210M in PPP Loans Forgiven
While 2020 ended strong, firm leaders and consultants said the loans were an important lifeline at a very uncertain time.
July 08, 2021 at 05:00 AM
4 minute read
Law Firm Profitability
The original version of this story was published on The American Lawyer
At least 27 Am Law 200 firms have had a collective $210 million in Paycheck Protection Program loans fully or partially forgiven this summer, with the vast majority of firms indicating that the money went to payroll, according to a ProPublica database compiling data from the Small Business Administration (SBA).
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4 minute readLaw Firms Mentioned
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Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
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Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
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