Free Newsletter
Company to pay $2M for PPP loan
North Carolina Lawyers Weekly Staff//March 19, 2025//
A Raleigh information technology company will pay $2.17 million to resolve its liability for falsely obtaining a Paycheck Protection Program loan during the COVID-19 pandemic, a news release from the U.S. Attorney’s Office for the Eastern District of North Carolina says.
DynPro‘s second PPP loan application wrongly reported that the company saw its receipts decrease by at least 25% from the second quarter of 2019 and the second quarter of 2020.
“In fact, DynPro did not experience a 25% reduction in gross receipts, and therefore DynPro was ineligible for the loan,” the release says. “DynPro self-reported the conduct to the United States Attorney’s Office, and cooperated with the office’s investigation, including by identifying key witnesses and documents.”
Related Articles
Related Content
Top Legal News
- Oklahoma court tosses conviction of YouTuber who went to prison for online rant
- DNA fight grows as civil suit advances in SC Murdaugh retrial
- COA reverses denial of special use permit for addiction recovery facility
- Bulldozer operator settles after losing leg in job site incident
- New York sues Kalshi, says its prediction markets are illegal gambling
- Fiduciary duty claims survive while standalone specific performance claim dismissed
- Judge dismisses suit accusing Zillow of kickback, racketeering schemes
Legal Tech
- AI is reshaping family law practice, but attorneys worry about DIY research
- Massachusetts court rejects work product protection for AI documents by girlfriend
- Exterro launches on-premises AI platform for digital forensics
Commentary
- Legally Speaking: How communication failures turn disputes into lawsuits
- We tore out our own backup generator
- When is a PIP an adverse employment action?
- Legally Speaking: What spring can teach us about active listening
- A useful patent management government notice
- Opinion: NC judges have enormous power. Be sure to vote in November
- The third option: Why your best employees are quietly losing their edge
- AI divorce is real, but family law can still save itself
