The coronavirus (COVID-19) pandemic is causing business disruptions for financial firms and companies of all sizes across the spectrum of industries. We offer a dedicated team of advisors to help businesses weigh available options and seek assistance under one or more of the liquidity and support programs announced by the Federal Reserve and others enacted as part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) that was signed by President Trump on March 27, 2020. Whether in the form of direct funding from Treasury, loans or other credit support from a Federal Reserve lending facility or participation in Small Business Administration loan programs, our team has the expertise to help navigate the complex political and legal challenges associated with obtaining government financial assistance and the experience to help access the programs if a decision is made to do so.
Led by Lee Meyerson, who guided the Firm’s financial crisis team that advised Treasury in developing, structuring and documenting its $250 billion TARP program for purchasing equity in U.S. financial institutions and related programs, and Keith Noreika, who recently served with Treasury Secretary Mnuchin as acting Comptroller of the Currency, a role in which he also acted as a director of the FDIC and member of the Financial Stability Oversight Council, the cross-disciplinary team also includes financing and governance lawyers, as well as former Treasury and Federal Reserve counsel.
See our COVID-19 Resource Center for further developments and insights related to COVID-19.