Opinion — Springfield Hospital, Inc. v. Guzman (2d Cir.)

Summary

The opinion of the United States Court of Appeals for the Second Circuit in Springfield Hospital, Inc., Springfield Medical Care Systems, Inc. v. Isabel Guzman, in her capacity as Administrator for the U.S. Small Business Administration, No. 20-3902 and No. 20-3903, argued October 28, 2021 and decided March 16, 2022, filed as Document 97-1. Circuit Judge Joseph F. Bianco writes for a panel of Kearse, Lohier, and Bianco. The debtors, denied PPP funds because they were in bankruptcy, had won summary judgment and a permanent injunction in the Bankruptcy Court for the District of Vermont under 11 U.S.C. § 525(a). The court holds that the PPP is a loan guaranty program and not an "other similar grant," so Section 525(a) does not apply to PPP loans. It reverses the judgment, vacates the injunction and remands, without deciding the 15 U.S.C. § 634(b)(1) immunity question.

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