Court Reverses Course: Beneficial Ownership Information Reporting Halted, Again
In rapid fashion, the Fifth U.S. Circuit Court of Appeals has reinstated a nationwide injunction that had been issued earlier this month by a federal judge in Texas that concluded the Corporate Transparency Act (CTA) was likely to be found unconstitutional.
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.
Corporate Transparency Act Beneficial Owner Reporting Halted
The U.S. District Court for the Eastern District of Texas has issued a preliminary injunction nationwide against the enforcement of the Corporate Transparency Act (“CTA”).
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…
Federal Courts Issue Opposing Rulings on Noncompete Agreements
By Jeremy Grivensky, Esq. and Gordon Prince, Esq. As discussed in our prior article titled "No More Noncompetes?" the U.S. Federal Trade Commission (FTC) issued a Final Rule, to become effective September 4, 2024,…