On Monday, the U.S. Supreme Court has declined to review a case involving a Houston-based intellectual property and transactions firm that had defaulted on a Paycheck Protection Program loan of six figures. The decision came after it was discovered the firm’s owner failed to disclose a prior arrest on charges of attempted sexual assault, a case that involved a paralegal.
The firm under consideration has been dealing with the repercussions of the owner’s non-disclosure. The Paycheck Protection Program was designed to help businesses to keep their workforce employed during the Coronavirus (COVID-19) crisis. But the owner’s undisclosed past incident led to the defaulting of the PPP loan.
The Supreme Court has decided not to take up the case, leaving the current ruling intact.
For those interested in the specifics of the case, the detailed report on Law360 can be an essential read.