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Update: Courts Block Enforcement of Corporate Transparency Act

As described in a prior article, beginning on January 1, 2024, the Corporate Transparency Act required companies to report beneficial ownership information (“BOI”) to the Financial Crimes Enforcement Network bureau (“FinCEN”)...more

Rhode Island Enacts Comprehensive Data Privacy Law

On June 13, 2024, the Rhode Island legislature passed the Rhode Island Data Transparency and Privacy Protection Act (the “Act”), which became law in late June. The Act aims to protect the personal information of Rhode Island...more

Supreme Court Decision Yields Significant Impacts for Closely Held Businesses

On June 6, 2024 the Supreme Court unanimously ruled that life insurance proceeds should be included in the fair market valuation of a corporation for federal estate tax purposes. In Connelly v. United States, the Supreme...more

Final Amendments to Regulation S-P under Securities Exchange Act of 1934

On May 15, 2024, the Securities and Exchange Commission (the “SEC”) issued final amendments (the “Amendments”) to Regulation S-P (originally adopted in 2000), which governs the treatment of a customer’s nonpublic personal...more

Every Business Should Pay Attention to Climate-Related Disclosure Rules: Here’s Why

On March 6, 2024, the Securities and Exchange Commission (SEC) released final rules regarding the Enhancement and Standardization of Climate-Related Disclosures for Investors (the Final Rules). We provided an overview of the...more

New Hampshire Enacts Comprehensive Data Privacy Law

On March 6, 2024, New Hampshire Governor Chris Sununu signed into law SB 255-FN, An Act Relative to the Expectation of Privacy (the “Act”), making New Hampshire the 14th state to enact a comprehensive data privacy law —...more

Federal Court Declares Corporate Transparency Act Unconstitutional: Implications and Recommendations for Businesses

On March 1, 2024, Judge Liles C. Burke of the Northern District of Alabama, Northeastern Division, ruled in U.S. v. Yellen that the Corporate Transparency Act (the “Act”) is unconstitutional. The federal district court found...more

Connecticut Attorney General Issues Report on Data Privacy Act Enforcement; Offers Legislative Recommendations

On February 1, 2024, the Connecticut Office of the Attorney General (the “OAG”) issued a report mandated by the Connecticut Data Privacy Act (the “CTDPA”), Conn. Gen. Stat. § 42-515 et seq. (the “Report”), which Report is...more

SEC Adopts Rules to Enhance and Standardize Climate-Related Disclosures for Investors

On March 6, 2024, the Securities and Exchange Commission (the “SEC”) adopted, by a 3-2 vote, final rules (the “Final Rules”) to enhance and standardize climate-related disclosures by public entities and public offerings. The...more

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