News

Federal District Court Dismisses Another 401(k) Forfeitures Suit

By EsqSocial Corporation 27/12/24

Since September 2023, there have been at least 25 lawsuits filed claiming the ability to choose between using 401(k) forfeitures to reduce plan expenses or the plan sponsor’s contributions is a fiduciary choice, and that choosing to reduce the plan sponsor’s contributions constitutes a violation

Fifth Circuit Reverses CTA Injunction, Deadline Extended

By EsqSocial Corporation 27/12/24

On December 23, 2024, the Fifth Circuit Court of Appeals issued an Order which granted a stay of a lower court’s nationwide injunction against enforcement of the Corporate Transparency Act (CTA or the Act). Texas Top Cop Shop, Inc., et al. v. Garland, et al., No. 24-40792 (5th Cir. Dec.

Fifth Circuit Overturns Preliminary Nationwide Injunction Against Corporate Transparency Act – FinCEN Announces Extension of Reporting Deadlines

By EsqSocial Corporation 27/12/24

On December 23, 2024, a panel of the U.S. Court of Appeals for the Fifth Circuit lifted the preliminary injunction recently imposed by a Texas district court that had blocked the reporting deadline for filing Beneficial Ownership Information (BOI).

STIIIZY Files Official Notice of Data Breach

By EsqSocial Corporation 27/12/24

On December 23, 2024, STIIIZY, Inc. filed a notice of data breach with the Attorney General of Texas after discovering that an unauthorized party was able to access confidential information that had been entrusted to the company.

Olympic Sized Wages: LA City Council Takes Next Steps on “Olympic Wage” Ordinance

By EsqSocial Corporation 27/12/24

The 2028 Los Angeles Olympics is already bringing change to the city. On December 11, 2024, the Los Angeles City Council voted 12-3 to approve a draft ordinance to amend the Living Wage Ordinance and the Hotel Worker Minimum Wage Ordinance in 2025.

FinCEN Extends Corporate Transparency Act Filing Deadlines: Companies Registered Before January 1, 2024 Have Until January 13, 2025 to File

By EsqSocial Corporation 27/12/24

As we previously reported, on December 3, 2024, the U.S. District Court for the Eastern District of Texas issued a nationwide preliminary injunction blocking the U.S.

BlackRock’s 2025 U.S. Proxy Voting Guidelines

By EsqSocial Corporation 27/12/24

In December 2024, BlackRock released its updated U.S. proxy voting guidelines for benchmark policies. The changes will become effective as of January 2025....
By: Fenwick & West LLP

Transforming Tomorrow: The Rise of AI in the Workplace

By EsqSocial Corporation 27/12/24

In 2025, tools relying on sophisticated AI will increasingly be applied in the workplace. This will certainly go far beyond AI-based pre-selection processes for job applicants and work allocation software, e.g., in large logistics companies....

Energy Updates – December 27, 2024

By EsqSocial Corporation 27/12/24

Clean Energy Meets Market Turbulence: A Week of Transformation. China’s EV Milestone: China will hit its 2035 EV sales target by 2025, a decade early—signaling the rapid end of the traditional ICE cars, at least in China.

Nationwide Injunction LIFTED - Corporate Transparency Act Reporting Requirements Reinstated

By EsqSocial Corporation 27/12/24

On December 23, 2024, the Fifth Circuit Court of Appeals (the "Fifth Circuit") lifted the preliminary injunction previously issued by the United States District Court for the Eastern District of Texas (Texas Top Cop Shop, Inc. et al. v.

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