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SPORT & WHEAT CPA PA v. SERVISFIRST BANK INC. et al
Case Number:
3:20-cv-05425
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
- Alston & Bird
- Butler Prather
- Butler Wooten
- Davis Polk
- Levin Papantonio
- Lightfoot Franklin
- McGuireWoods
Companies
Sectors & Industries:
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August 17, 2020
Accountants' Suit Over Pandemic Loan Agent Fees Dismissed
A Florida federal judge on Monday dismissed an accounting firm's proposed class suit claiming that agents for loan recipients under the federal Paycheck Protection Program should get a portion of the processing fees received by lenders, finding the coronavirus relief bill and enacting rules create no such entitlement.
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July 06, 2020
Truist Seeks To Toss Agents' Suit Over Pandemic Loan Fees
Truist Bank is urging a Florida federal judge to dismiss an accounting firm's proposed class suit claiming that agents for loan recipients under the federal Paycheck Protection Program should get a portion of the processing fees received by lenders, saying the governing law does not give agents a cut of the fees.
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May 18, 2020
Synovus Wants Accountants' Suit Over PPP Fees Tossed
Synovus Trust Co. sought dismissal Sunday of a Florida accounting firm's proposed class action alleging banks are flouting the intent of the federal Paycheck Protection Program by refusing to pay loan recipients' agents a portion of their processing fees, saying such entitlement is "found nowhere" in the governing law.
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April 27, 2020
Agents Say Banks Stiffed Them On Pandemic Loan Fees
A Florida accounting firm has brought a proposed class action in federal court alleging two banks — and possibly others — have violated the federal government's intent by refusing to pay agents such as itself for helping small businesses apply for loans under the Paycheck Protection Program out of fees the government paid the banks.