Updated: May 22, 2020
Forbes Magazine has run a story covering the National PPP Loan class action on behalf of accountants, CPAs, lawyers, and others. Our New York City Office (Zumpano Patricios & Popok) Managing Partner – Michael Popok has taken the lead on the case for the firm. In the article, Popok remarks: “It is the agent who is closest to the main street/mom and pop borrower, not the bank. Without the ‘labor’ of the agent, many of the businesses would fail altogether to apply for the loan…” Popok will lead the Zumpano Patricios attorneys in New York, Illinois, and Utah on the case.
Follow the link for the full story from Forbes Magazine: https://www.forbes.com/sites/peterjreilly/2020/05/20/accountant-scrap-with-banks-for-billions-in-paycheck-protection-fees