TRO, Injunction Denied In Business’ Antitrust Class Suit Over PPP Loans

Mealey's (April 29, 2020, 10:41 AM EDT) -- LOS ANGELES — A federal judge in California on April 24 denied a small business’s application for a temporary restraining order (TRO) and preliminary injunction in a putative class complaint accusing the banks of antitrust violations in their administration of small business loans authorized by the federal government in response to the impact of the novel coronavirus pandemic (Legendary Transport, LLC v. JPMorgan Chase & Co., et al., No. 20-3636, C.D. Calif., 2020 U.S. Dist. LEXIS 72817)....