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Gawthrop Attorney Gordon Prince

Corporate Transparency Act Beneficial Owner Information Reporting Reinstated

On December 23, 2024, the Fifth Circuit Court of Appeals issued an order granting a stay of the December 3rd nationwide injunction against the Corporate Transparency Act (CTA) previously issued by the U.S. District Court for the Eastern District of Texas and discussed in our prior alert. The Fifth Circuit’s ruling results in an immediate reinstatement of the CTA’s beneficial ownership reporting requirements.

FTC Ban on Worker Noncompete Agreements Stricken Down

By Gordon Prince, Esq. The U.S. Federal Trade Commission’s Final Rule—discussed in our prior articles No More Noncompetes? and Federal Courts Issue Opposing Rulings on Noncompete Agreements—set to become effective September 4, 2024, which would have invalidated almost all noncompete…

Photo of handshake with banned sign and title: No More Noncompetes?

No More Noncompetes?

By Jeremy Grivensky, Esq. and Gordon Prince, Esq. The United States Federal Trade Commission (“FTC”) has issued a new Non-Compete Clause Rule (the “Rule”), banning: (1) employers from enforcing existing noncompete agreements against workers, with limited exceptions applicable only to…

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