On February 10, 2025, President Donald J. Trump signed an Executive Order pausing enforcement actions under the Foreign Corrupt Practices Act (FCPA), citing concerns that excessive enforcement was harming American businesses and national security interests. The order...
Corporate & Securities
CTA Reporting Remains Voluntary Despite Recent Supreme Court Decision
On January 23, 2025, the U.S. Supreme Court stayed a nationwide preliminary injunction issued in Texas Top Cop Shop, Inc. et al. v. Garland et al., creating further legal uncertainty surrounding the Corporate Transparency Act (CTA). Despite this ruling, the Financial...
Breach of Trust? Baker Mayfield Sues Father in $12 Million Business Dispute
On November 22, 2024, NFL star Baker Mayfield, his wife Emily Mayfield, and their business entity Team BRM, LLC (collectively, “Plaintiffs”), filed a lawsuit in the United States District Court, Western District of Texas, against several businesses owned or operated...
Corporate Transparency Act Whiplash Continues: Nationwide Injunction Reinstated by Fifth Circuit Court of Appeals
The Fifth Circuit Court of Appeals hit pause again on the reporting requirements of the Corporate Transparency Act (CTA), continuing a recent series of baffling legal developments. Specifically, on December 26, 2024, the Fifth Circuit reinstated the nationwide...
Corporate Transparency Act Update: Enforcement Resumes, Filing Deadlines Extended
On December 23, 2024, the U.S. Court of Appeals for the Fifth Circuit lifted a Texas District Court’s preliminary injunction that had temporarily paused enforcement of the Federal Corporate Transparency Act (CTA) nationwide in the case of Texas Top Cop Shop, Inc., et...
Federal Court Halts Enforcement of Corporate Transparency Act Nationwide: Recommended Steps for Businesses
On December 3, 2024, a Texas federal district court issued a nationwide preliminary injunction temporarily blocking the enforcement of the Corporate Transparency Act (CTA) and its requirement to report the beneficial owners of reporting companies. The ruling in Texas...
How to Build Your Brand and Stay Compliant with Contests and Sweepstakes
In today’s digital marketing landscape, brands frequently leverage promotions like sweepstakes and contests to engage consumers, build brand loyalty, and expand their audiences. While both are popular strategies, the legal frameworks governing contests and sweepstakes...
Betting on Trump or Harris? US Federal Court of Appeals Says That’s Ok, For Now
Earlier this week, the financial services company Robinhood, which caters to retail investors, rolled out its derivative market for trading on the outcome of the upcoming United States presidential election. These trades are an example of “event derivative trading,”...
Keurig Pays the Price for Misleading ‘Recyclable’ K-Cup Claims
The Securities and Exchange Commission (SEC) recently charged Keurig Dr Pepper Inc. with making inaccurate statements about the recyclability of its K-Cup single-use beverage pods in violation of securities laws. The case highlights the importance of accurate...
Time’s Running Out: Are You Ready to Comply with the CTA by Year-End?
As the fourth quarter of 2024 kicks off, businesses are running out of time to determine their compliance obligations under the Federal Corporate Transparency Act (CTA). If your company does not report its beneficial owners by the end of the year, and no exemption...