Popular Information reported that, before the Paycheck Protection Program ran dry, the parent company of Ruth’s Chris Steak House obtained a $20 million forgivable loan. The publicly-traded corporation, Ruth’s Hospitality Group, is not small. It brought in over $441 million in revenue last year, maintains $86 million cash reserves, and pays its CEO, Cheryl J….
Wachtell Lipton on The CARES Act: Litigation and Enforcement Lessons from the Financial Crisis
The stimulus act provides opportunities for short-term shoring up of core economic vulnerabilities and shortfalls. It is also an unprecedented government giveaway with endless possibilities for abuse. Wachtell Lipton attorneys Jonathan M. Moses, Elaine P. Golin, Graham W. Meli, Getzel Berger and Daniel J. Brenner write: As with the stimulus initiatives following the 2008 financial…