On April 19, 2020, Stalwart Law Group became the first law firm in the country to file class actions against four of the country’s largest banks for the way they processed Paycheck Protection Program (PPP) loan applications. Specifically, SLG alleged that these banks prioritized their largest and best clients rather than processing PPP applications on a first-come, first-served basis as required. By reshuffling the applications in this way, the banks’ largest clients received millions in loans while many small businesses that were qualified and applied first received nothing. These cases were discussed by the national news media, including the New York Times, Wall Street Journal and CNN, and led to a Congressional inquiry.
SLG Sues Banks For Mishandling PPP Loans
* The articles provided on the Stalwart Law website are for informational purposes only and are not intended to be used as professional legal advice or as a substitute for legal consultation with a qualified attorney.
About The Author
Dylan Ruga, Partner | Trial Lawyer
Dylan is a renowned trial lawyer specializing in complex litigation, recognized as a Southern California “Super Lawyer” for over a decade.
Known for his tenacity and professionalism, Dylan has built a reputation as a dedicated advocate who consistently achieves results by outworking and outmaneuvering his opponents. He has been recognized as a Southern California “Super Lawyer” every year from 2009-2022, an honor awarded to no more than 2.5% of lawyers in California.
Dylan is certified by The State Bar of California Board of Legal Specialization as a specialist in legal malpractice law, a distinction held by fewer than one-tenth of one percent of lawyers in Los Angeles County.