On Feb. 18, the U.S. District Court in Smith, et al v. U.S. Dept. of Treasury stayed the last remaining nationwide injunction on enforcement of the Corporate Transparency Act. After this court action, FinCEN announced that...more
On Jan. 23, the U.S. Supreme Court stayed the Dec. 5 nationwide injunction in Texas Top Cop Shop, Inc. v. Garland (E.D. Tex.) that had halted Corporate Transparency Act (“CTA”) enforcement nationwide. The stay of this...more
1/29/2025
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Business Entities ,
Constitutional Challenges ,
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U.S. Treasury
On Dec. 26, the Fifth Circuit Court of Appeals effectively reinstated the nationwide preliminary injunction against the Corporate Transparency Act. After the Fifth Circuit’s emergency “motions panel” lifted the injunction on...more
12/27/2024
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Business Entities ,
Business Ownership ,
Compliance ,
Corporate Transparency Act ,
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Filing Requirements ,
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Stays
UPDATE: The nationwide preliminary injunction against the Corporate Transparency Act is back in effect as of Dec. 26, 2024. The Fifth Circuit Court of Appeals vacated its prior order lifting the injunction. The preliminary...more
12/24/2024
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Business Entities ,
Business Ownership ,
Compliance ,
Corporate Transparency Act ,
Deadlines ,
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Regulatory Requirements ,
Reporting Requirements ,
Stays
A U.S. District Judge issued a nationwide preliminary injunction prohibiting FinCEN from enforcing the Corporate Transparency Act (CTA) and the final rule implementing it (Reporting Rule) on Dec. 3 in the case Texas Top Cop...more
12/13/2024
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Business Entities ,
Business Ownership ,
Compliance ,
Corporate Transparency Act ,
Filing Requirements ,
FinCEN ,
Preliminary Injunctions ,
Regulatory Requirements ,
Reporting Requirements ,
Stays
A case pending against Facebook in California is heading back to the Federal District Court for further litigation on the merits. On April 9, 2020, the Ninth Circuit Court of Appeal ruled on plaintiffs’ claims against...more