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Bond Schoeneck & King PLLC

U.S. Court of Appeals (5th Circuit) Stays Nationwide Preliminary Injunction that had Suspended Reporting Obligations Under the...

On Dec. 23, 2024, the U.S. Court of Appeals for the Fifth Circuit stayed the nationwide preliminary injunction that had previously been issued temporarily suspending the enforcement of the Corporate Transparency Act (CTA),...more

Dinsmore & Shohl LLP

FinCEN Extends Deadlines for Filing BOI Reports Required Under the Corporate Transparency Act

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Earlier this month, a Texas district court issued a nationwide preliminary injunction blocking enforcement of the Corporate Transparency Act (“CTA”). However, on December 23, 2024, the Fifth Circuit Court of Appeals granted...more

Locke Lord LLP

5th Circuit Lifts Nationwide Preliminary Injunction Against Enforcement of CTA

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On December 23, 2024, the United States 5th Circuit Court of Appeals granted the government’s motion for a “stay pending appeal” of the Texas Top Cop Shop, Inc. v. Garland preliminary injunction prohibiting enforcement by...more

Cooley LLP

Key Policy Updates, New FAQs and Hint of Pay for Performance Changes to Come

Cooley LLP on

On December 17, 2024, one of the two most influential proxy advisory firms, ISS, released its Proxy Voting Guidelines Benchmark Policy Changes for 2025: US, Canada, and Americas Regional, which provides updates to its voting...more

Kelley Drye & Warren LLP

CTA Compliance Restored

Kelley Drye & Warren LLP on

On December 23, 2024, the United States Court of Appeals for the Fifth Circuit reinstated the immediate enforceability of the Corporate Transparency Act (CTA). In the case Texas Top Cop Shop, Inc. v. Garland, a three-judge...more

McGuireWoods LLP

Reporting Companies Have Less Than Three Weeks to File Beneficial Ownership Info With FinCEN

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On Dec. 23, 2024, the U.S. Court of Appeals for the Fifth Circuit granted the government’s emergency motion for a stay of a District Court’s nationwide preliminary injunction against enforcement of the Corporate Transparency...more

Cooley LLP

US Corporate Transparency Act Reporting Requirements Back in Effect, With Deadline Extensions

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In an order dated December 23, 2024, in the case Texas Top Cop Shop, Inc. et al. v. Garland et al., the US Court of Appeals for the Fifth Circuit issued a stay pending appeal of a preliminary injunction issued by a lower...more

Epstein Becker & Green

CTA Revived: Corporate Transparency Act Injunction Lifted by Federal Court and Filing Deadlines Extended

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On December 23, 2024, the U.S. Court of Appeals for the Fifth Circuit lifted the preliminary injunction blocking the enforcement of the Corporate Transparency Act (the “Act”)....more

Foley Hoag LLP

Fifth Circuit Stays Nationwide Preliminary Injunction that Enjoined Reporting and Enforcement Under The Corporate Transparency...

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On December 23, 2024, a three-judge panel of the U.S. Court of Appeals for the Fifth Circuit (“Fifth Circuit”) issued an Order staying the nationwide preliminary injunction issued earlier in the month by a district court in...more

A&O Shearman

Delaware ruling supports enforceability of forfeiture-for-competition provisions

A&O Shearman on

On December 18, 2024, the Delaware Supreme Court (the “Court”) held in LKQ Corp. v. Rutledge that forfeiture-for-competition provisions in employee equity award agreements are enforceable in certain contexts. This article...more

Conyers

Brief Overview of the Data Protection Regime in Bermuda, British Virgin Islands and Cayman Islands

Conyers on

Bermuda, the British Virgin Islands (“BVI”) and the Cayman Islands have each introduced data protection regimes in recent years which align with global data protection standards. It is therefore increasingly important for...more

Akerman LLP

Stay of Preliminary Injunction Reinstates CTA Reporting Requirements

Akerman LLP on

This article is an update to the December 9, 2024, article: UPDATE: FinCEN Alerts That CTA Reporting Is Voluntary While Preliminary Injunction Remains in Effect - On December 23, 2024, the United States Court of Appeals for...more

Coblentz Patch Duffy & Bass

Corporate Transparency Act to Remain Enjoined Pending US Appeal

On December 23, 2024, the United States Court of Appeals for the Fifth Circuit stayed the nationwide injunction that temporarily halted enforcement of and compliance with the Corporate Transparency Act....more

Polsinelli

UPDATE: Corporate Transparency Act Filing Deadlines Reinstated and Extended until January 13, 2025; Appeals Court Sides with...

Polsinelli on

On December 23, 2024, the U.S. Fifth Circuit Court of Appeals issued an Order that served to stay the nationwide preliminary injunction in respect of CTA enforcement.  In that ruling, the Fifth Circuit found the government...more

Weintraub Tobin

Court Blocks Nationwide Injunction of the Corporate Transparency Act: Fifth Circuit Grants Stay Pending Appeal; Compliance Period...

Weintraub Tobin on

On December 23, 2024, the Fifth Circuit Court of Appeals granted the government’s emergency motion for a stay, effectively blocking a nationwide injunction issued by a district court against the Corporate Transparency Act...more

Goulston & Storrs PC

CTA Update: Injunction Lifted and Filing Deadlines Extended

Goulston & Storrs PC on

On December 23, 2024, the United States Court of Appeals for the Fifth Circuit lifted the injunction issued earlier this month that had paused enforcement of the Corporate Transparency Act (“CTA”). In response, the U.S....more

Hinckley Allen

CTA Reinstated: Extended Reporting Deadlines

Hinckley Allen on

On December 23, 2024, the Fifth Circuit Court of Appeals granted the Department of Justice’s motion to lift a preliminary injunction, which blocked the enforcement of the Corporate Transparency Act (CTA). This decision...more

Polsinelli

Corporate Transparency Act Filing Deadlines Reinstated for Now; Appeals Court Sides with Government in Stay of Nationwide...

Polsinelli on

On December 23, 2024, the U.S. Fifth Circuit Court of Appeals issued an Order that served to stay the nationwide preliminary injunction in respect of CTA enforcement. In that ruling, the Fifth Circuit found the government met...more

Vorys, Sater, Seymour and Pease LLP

CTA UPDATE – Fifth Circuit Lifts Nationwide Preliminary Injunction – FinCEN Extends Filing Deadlines

On December 23, 2024, the Fifth Circuit Court of Appeals lifted the District Court’s nationwide preliminary injunction against enforcement of the Corporate Transparency Act (CTA) in the case of Texas Top Cop Shop, Inc., et...more

Ruder Ware

The CTA is Back, Back Again

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The Corporate Transparency Act (“CTA”) and its reporting requirements are back in effect. The Fifth Circuit Court of Appeals has granted the U.S. Government’s motion for an emergency stay of the nationwide CTA injunction....more

DLA Piper

Fifth Circuit Stays Injunction Halting Corporate Transparency Act’s Enforcement; Treasury Updates Deadline to January 13, 2025 for...

DLA Piper on

On December 23, 2024, the US Court of Appeals for the Fifth Circuit issued an order granting the government's emergency motion for a stay pending appeal of the preliminary injunction against the Corporate Transparency Act...more

DLA Piper

Feeble § 101 Litigation Position Results in Significant Award of Fees and Costs

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The District Court of Delaware recently confirmed an award of $9.15 million in attorney’s fees and costs to defendant Elysium Health, Inc. (Elysium), resulting from what it determined to be insubstantial litigation positions...more

NAVEX

The Compliance Balancing Act: How Less Complexity Can Mean More ROI

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What if less could mean more? For organizations grappling with the complexity of managing compliance across multiple vendors, systems, and workflows, this question is more than theoretical. It’s a strategic imperative....more

Greenberg Glusker LLP

Fifth Circuit Lifts Injunction on Corporate Transparency Act: BOI Filing Deadline Reinstated for January 1, 2025

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UPDATE as of 12/24/24: FinCen has updated their website extending the beneficial ownership reporting deadline for reporting companies that were created or registered prior to January 1, 2024, from January 1, 2025, to January...more

Ruder Ware

FinCEN Announces New January 13, 2025, Deadline for Most CTA Filings

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FinCEN has extended the reporting deadline for companies created or registered before January 1, 2024, to January 13, 2025. In an alert posted Tuesday night, FinCEN recognized that “reporting companies may need additional...more

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