Lump of Coal in the CTA Stocking: Texas Federal Court of Appeals Stays Injunction Against Corporate Transparency Act
By EsqSocial Corporation 26/12/24
The U.S. Court of Appeals for the Fifth Circuit has granted the government’s motion to stay the Eastern District of Texas’ December 3 nationwide preliminary injunction enjoining enforcement of the Corporate Transparency Act (CTA).1 In holding that a stay of the injunction was justified, the appeals court concluded that the CTA likely is constitutional under the Commerce Clause. The Fifth Circuit also ordered that the appeal of the district court’s decision be expedited to the next available oral...
By: Lowenstein Sandler LLP