Fifth Circuit Stays Nationwide Preliminary Injunction that Enjoined Reporting and Enforcement Under The Corporate Transparency Act; FinCEN Extends Filing Deadlines
By EsqSocial Corporation 26/12/24
On December 23, 2024, a three-judge panel of the U.S. Court of Appeals for the Fifth Circuit (“Fifth Circuit”) issued an Order staying the nationwide preliminary injunction issued earlier in the month by a district court in Texas enjoining enforcement of the Corporate Transparency Act (“CTA”) and the related reporting rule issued by the U.S. Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”)....
By: Foley Hoag LLP