Businesses across the United States have been battered by the COVID-19 crisis and many companies have been the recipients of unprecedented levels of economic assistance and tax relief under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). We expect to see equally unprecedented government oversight and investigations into waste, fraud, and abuse in connection with the use of these funds. The potential for both legal and reputation harm for program participants is significant. Indeed, many companies have already found themselves on the front-page of the newspaper or in the crosshairs of investigators.
Read More: Braving a perfect storm: Avoiding legal and reputational risk associated with CARES Act oversight and investigations
Authored by Michael J. Bell, Mark Irion, Peter S. Spivack, Lillian S. Hardy, Ivan Zapien, Norm Coleman, James M. Wickett, Aaron Cutler, Alexander J. Hoffarth, and Ari Fridman
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