On January 21, 2025, President Trump issued an Executive Order (“EO”) titled, “Ending Illegal Discrimination and Restoring Merit-Based Opportunity.” While this EO is getting the most attention for rescinding a major affirmative action law (spoiler alert), it also initiates steps for federal agencies to crack down on “dangerous, demeaning, and […]
Labor & Employment Law Update
Hold Your Horses, 5th Circuit… Let’s Figure Out What’s Happening with the Corporate Transparency Act
on Friday, 27 December 2024 in
Labor & Employment Law Update: Sarah M. Huyck, Editor
As of December 26, 2024, entities are not required to file beneficial ownership information reports (BOI reports) with FinCen, and the nationwide preliminary injunction suspending enforcement of the Corporate Transparency Act (CTA) is back! The past week has been confusing and chaotic as the injunction was stayed and then reinstated […]
Update: CTA Filing Extended to January 13, 2025 for Entities Formed Prior to 2024
on Tuesday, 24 December 2024 in
Labor & Employment Law Update: Sarah M. Huyck, Editor
On the evening of December 23, 2024 the Department of Treasury announced that companies that were created or registered prior to January 1, 2024 and are not otherwise exempt under the Corporate Transparency Act (CTA) from filing a beneficial ownership information report (BOIR) with FINCEN now have until January 13, […]
Well, That was Quick – The Corporate Transparency Act is Back: Appellate Court Lifts Nationwide Injunction
on Monday, 23 December 2024 in
Labor & Employment Law Update: Sarah M. Huyck, Editor
On December 23, 2024, the Fifth Circuit Court of Appeals issued an order lifting the nationwide preliminary injunction that was previously issued by a federal district court in Texas on December 3, 2024 to suspend enforcement of reporting obligations for millions of businesses under the Corporate Transparency Act (CTA). Notably, […]
Texas Federal District Court Stops DOL’s Overtime Rule Raising Salary Thresholds for Exemptions
on Tuesday, 19 November 2024 in
Labor & Employment Law Update: Sarah M. Huyck, Editor
On November 15, 2024, the U.S. District Court for the Eastern District of Texas struck down the Department of Labor’s 2024 overtime rule raising salary thresholds for executive, administrative, and professional employees (under what is known as the “EAP Exemption”) and for highly compensated employees. As Baird Holm previously reported, […]
