Reporting Companies Must File Beneficial Ownership Information by Jan. 13, 2025, After Fifth Circuit Grants Stay of Nationwide Injunction of Corporate Transparency Act

foulstonsiefkin

A recent ruling by the United States Court of Appeals for the Fifth Circuit has reinstated the Corporate Transparency Act’s (“CTA”) beneficial ownership information (“BOI”) reporting obligations, although the filing deadline for many reporting companies has been extended to Jan. 13, 2025. On Dec. 23, 2024, the Fifth Circuit granted the federal government’s emergency motion… Continue reading Reporting Companies Must File Beneficial Ownership Information by Jan. 13, 2025, After Fifth Circuit Grants Stay of Nationwide Injunction of Corporate Transparency Act

Corporate Transparency Act Compliance Temporarily Suspended Nationwide

foulstonsiefkin

On December 3, 2024, a United States District Court for the Eastern District of Texas issued a preliminary, nationwide injunction blocking enforcement of the Corporate Transparency Act (“CTA”). As of this publication, reporting companies nationwide are not required to report their beneficial ownership information (“BOI”) and the CTA’s compliance deadline is stayed, including the Jan.… Continue reading Corporate Transparency Act Compliance Temporarily Suspended Nationwide

Federal Court Strikes Down DOL Rule Increasing Salary Minimums Under the FLSA

foulstonsiefkin

On November 15, 2024, a federal judge in the Eastern District of Texas issued an order vacating and setting aside the regulatory amendments that the Department of Labor (“DOL”) issued earlier this year to the minimum salary levels for exempt status under the Executive, Administrative, and Professional (“EAP”) exemptions under the Fair Labor Standards Act… Continue reading Federal Court Strikes Down DOL Rule Increasing Salary Minimums Under the FLSA

Texas Federal Court Strikes Down FTC’s Non-Compete Ban on a Nationwide Level

foulstonsiefkin

On Aug. 20, 2024, in Ryan LLC v. Federal Trade Commission, the United States District Court for the Northern District of Texas (“the Court”) struck down the Federal Trade Commission’s (“FTC”) rule banning non-compete agreements in nearly all circumstances (“the Rule”), finding “that the FTC lacks statutory authority to promulgate the Non-Compete Rule, and that the… Continue reading Texas Federal Court Strikes Down FTC’s Non-Compete Ban on a Nationwide Level

Employers Should Prepare for the FTC’s Non-Compete Ban to Go Into Effect Sept. 4; Federal District Court Refuses to Block the Ban

foulstonsiefkin

On July 23, 2024, in ATS Tree Services, LLC v. Federal Trade Commission et al., the United States District Court for the Eastern District of Pennsylvania denied an employer’s request to temporarily enjoin the Federal Trade Commission’s (“FTC”) rule banning the use of most non-compete agreements in employment contracts (“the Rule”). We previously published two Issue Alerts… Continue reading Employers Should Prepare for the FTC’s Non-Compete Ban to Go Into Effect Sept. 4; Federal District Court Refuses to Block the Ban

Texas Federal Court Blocks FTC’s Non-Compete Ban Enforcement for Plaintiffs in the Case – With Potential for Broader Injunctions

foulstonsiefkin

On April 23, 2024, in a divided 3-2 decision, the Federal Trade Commission On July 3, 2024, in Ryan LLC v. Federal Trade Commission, the United States District Court for the Northern District of Texas (“the Court”) weighed in on the propriety of the Federal Trade Commission’s (“FTC”) freshly minted rule banning non-compete agreements in nearly… Continue reading Texas Federal Court Blocks FTC’s Non-Compete Ban Enforcement for Plaintiffs in the Case – With Potential for Broader Injunctions

FTC Issues Final Rule Banning Non-Compete Agreements

foulstonsiefkin

On April 23, 2024, in a divided 3-2 decision, the Federal Trade Commission (“FTC”) voted to approve a final rule to ban non-compete agreements nationwide in the name of promoting competition, “protecting the fundamental freedom of workers to change jobs, increasing innovation, and fostering new business formation.” The final rule will become effective 120 days… Continue reading FTC Issues Final Rule Banning Non-Compete Agreements

EEOC Issues Final Regulations Interpreting the Pregnant Workers Fairness Act

foulstonsiefkin

On Monday, April 15, 2024, the Equal Employment Opportunity Commission (“EEOC”) issued its highly anticipated final regulations interpreting the Pregnant Workers Fairness Act (“PWFA”). The final regulations, which will become effective June 18, 2024, provide comprehensive guidance for employers on their obligations to accommodate employees’ and applicants’ pregnancy-related limitations in the workplace. The PWFA, which… Continue reading EEOC Issues Final Regulations Interpreting the Pregnant Workers Fairness Act