Newsletters

12.30.24

Corporate Transparency Act – Update: Injunction Reinstated; Filing Deadline Back on Hold

In an unexpected “plot twist” to the enforceability of the Corporate Transparency Act (CTA), on December 26, 2024, a panel of a federal appeals court vacated the stay of the motions panel of the federal appeals court that had been granted only three days earlier ADS1 . In effect, ...

12.24.24

Corporate Transparency Act – Update: Preliminary Injunction Lifted

On December 23, 2024, a federal appeals court overturned a lower district court’s preliminary injunction that had paused the enforceability of the CTA.

12.09.24

Corporate Transparency Act – Update: Impact of Ongoing Litigation

On December 3, 2024, a Texas federal court issued a nationwide injunction halting the Corporate Transparency Act's enforcement, with the DOJ filing an appeal on...

10.14.24

Nasdaq Tightens Up Listing Rules for Noncompliance with Minimum Bid Price Requirement

On October 7, the SEC approved an amendment to Nasdaq listing rules, tightening restrictions on reverse stock splits and minimum bid price requirements.

08.21.24

Avoiding Tax Pitfalls: Insights from the Connelly Case on Life Insurance-Backed Buy-Sell Agreements

In light of the recent Supreme Court case of Connelly v. Internal Revenue Service, owners of closely held businesses may need to reconsider their plan to buy out a deceased owner’s stake in a business with life insurance proceeds.

12.01.23

Preparing for the Corporate Transparency Act

Beginning in January 2024, many small businesses and family investment companies will be required to report ownership and management information to the U.S. Department of the Treasury.

08.29.23

SEC Adopts New Private Fund Adviser Rules

On August 23, 2023, a divided U.S. Securities and Exchange Commission issued new rules relating to the regulation of private fund advisers.

08.21.23

California Imposes More Regulation on Commercial Financing

After being the first state to impose disclosure requirements on small business finance transactions, California has now added an annual reporting requirement and subjected commercial finance companies to UDAAP claims.

07.27.23

Reverse Stock Splits and Increases in Authorized Shares Will Become Easier under Delaware Law

On July 17, 2023, the Governor of the state of Delaware signed Senate Bill 114 amending the General Corporation Law of the State of Delaware, which will become effective on August 1, 2023.

07.06.23

Climate Disclosures: California Mandates Advance in Legislature with Modest Reprieve

Two proposed California laws that would mandate disclosure of climate-warming emissions and organizational “risk” related to climate change moved closer to Governor Newsom’s desk.