Cases & Deals

  • Home
  • Practices
  • CIBC secures dismissal of putative class asserting claims under the CARES Act

Share

CIBC secures dismissal of putative class asserting claims under the CARES Act

January 2021

Client(s) Canadian Imperial Bank of Commerce

Jones Day successfully represented Canadian Imperial Bank of Commerce in a putative class action arising under the CARES Act's Paycheck Protection Program ("PPP"), obtaining dismissal of all claims. The plaintiffs were alleged agents of PPP borrowers and claimed that the Cares Act and various state common law theories obligated CIBC and the other defendants to pay fees directly to the agents.

Full Compliance, LLC, et al. v. CIBC Bank USA, et al., No. 1-20-cv-22339 (S.D. Fla.)

Contacts

Before sending, please note:

Information on www.jonesday.com is for general use and is not legal advice. The mailing of this email is not intended to create, and receipt of it does not constitute, an attorney-client relationship. Anything that you send to anyone at our Firm will not be confidential or privileged unless we have agreed to represent you. If you send this email, you confirm that you have read and understand this notice.