Cases & Deals

CIBC secures dismissal of putative class asserting claims under the CARES Act

Clients Canadian Imperial Bank of Commerce

Jones Day successfully represented Canadian Imperial Bank of Commerce in a putative class action arising under the CARES Act's Paycheck Protection Program ("PPP"), obtaining dismissal of all claims. The plaintiffs were alleged agents of PPP borrowers and claimed that the Cares Act and various state common law theories obligated CIBC and the other defendants to pay fees directly to the agents.

Full Compliance, LLC, et al. v. CIBC Bank USA, et al., No. 1-20-cv-22339 (S.D. Fla.)

We use cookies to deliver our online services. Details of the cookies and other tracking technologies we use and instructions on how to disable them are set out in our Cookies Policy. By using this website you consent to our use of cookies.