Borrower Priority Litigation

Case summary

Borrower Priority Litigation collects four CourtListener dockets of 2020 suits by small-business borrowers against Bank of America and JPMorgan Chase over Paycheck Protection Program loans. In Profiles, Inc. v. Bank of America Corporation, No. 1:20-cv-00894 (D. Md., Judge Stephanie A. Gallagher), the complaint was filed April 3, 2020, a motion for a temporary restraining order followed on April 7, 2020, the court denied a stay pending appeal on April 17, 2020, and the docket ends with the appeals court's May 1, 2020 order denying an emergency injunction pending appeal. In Hyde-Edwards Salon & Spa v. JPMorgan Chase & Co., No. 3:20-cv-00762 (S.D. Cal., Judge Dana M. Sabraw), the complaint of April 22, 2020 was stayed on June 15, 2020 pending the JPML, which denied transfer to MDL No. 2944 in August 2020; the court compelled arbitration on November 23, 2020 and the plaintiff filed a notice of voluntary dismissal on April 22, 2021. In Ajir AI LLC v. JPMorgan Chase Bank, N.A., No. 1:20-cv-04428 (N.D. Ill.), a class complaint of July 29, 2020 was sent to arbitration by Judge Joan B. Gottschall on August 10, 2021 and dismissed voluntarily on December 15, 2022. In Sha-Poppin Gourmet Popcorn LLC v. JPMorgan Chase Bank, N.A., No. 1:20-cv-02523 (N.D. Ill.), the complaint of April 24, 2020 also named Phunware, Inc. and the RCSH Operations defendants, who moved to dismiss, and the JPML denied transfer on August 4, 2020. The hosted Sha-Poppin docket ends with an April 1, 2024 minute entry before Judge Nancy L. Maldonado recording that the parties were still in arbitration, with a further joint status report due October 4, 2024.