(l-r) Partners Brandt Leibe and Grant Nichols, and associate Oliver Peter Thoma, of King & Spalding.
As the COVID-19 pandemic continues to ravage our communities and our economy on a scale that is difficult to quantify, many Texas companies—from energy to health care, tech to life sciences—have had to take the lifeline that was extended to them by the federal government. Indeed, over 361,000 Texas companies have been approved for federal aid to the tune of $40 billion these past few months. This money, of course, comes with strings attached, but some of those strings are more obvious than others. While nearly all companies are doing what they can to avoid committing fraud or making misstatements in documents submitted to the government, recipients of federal dollars may not fully appreciate the numerous landmines that need to be navigated after they have received government funds.
