Paycheck Protection Program Suit Dismissed After Eligibility Rules Changed

Mealey's (February 22, 2021, 2:17 PM EST) -- BALTIMORE — A Maryland federal judge on Feb. 17 granted the federal government’s motion to dismiss for lack of subject matter jurisdiction an action brought by a business owner and his two businesses alleging improper discrimination in the administration of the CARES Act’s Paycheck Protection Program, designed to provide financial relief to small businesses struggling due to the COVID-19 pandemic.  The judge also denied the businesses and business owner’s motion for summary judgment....