Corporate Transparency Act: Preliminary Injunctive Relief Reinstated by Fifth Circuit (For Now)
12.27.2024
On December 26, 2024, a separate panel of the Fifth Circuit assigned to evaluate the merits of the District Court’s grant of injunctive relief vacated the portion of the motions panel’s order granting the government’s motion to stay and reinstated the preliminary nationwide injunctive relief pending the merits panel’s consideration of the expedited appeal.
CTA Reporting Requirements Are Back
12.24.2024On December 23, 2024, a panel of the U.S. Court of Appeals for the Fifth Circuit granted the government’s emergency motion in the Texas Top Cop Shop matter to stay the injunctive relief from Corporate Transparency Act filing obligations granted earlier this month by Judge Mazzant of the U.S. District Court for the Eastern District of Texas.
This blog post discusses the FinCEN recent announcement that companies defined as "reporting companies" under the Corporate Transparency Act do not need to file Beneficial Ownership Information reports at this time.
