Richard McDerby

Jan 7, 2025 | mondaq.com | Richard McDerby |Scott Johnson |Craig Miller

In an unexpected "plot twist" to the enforceability ofthe Corporate Transparency Act (CTA), on December 26, 2024, a panelof a federal appeals court vacated the stay of the motionspanel of the federal appeals court that had been granted only threedays earlier.

Dec 11, 2024 | mondaq.com | Richard McDerby |Craig Miller |Scott Johnson

On December 3, 2024, a federal district court in the Eastern District of Texas1 issued an order granting a nationwide preliminary injunction that: (1) enjoins (or halts) the enforcement of the Corporate Transparency Act (CTA) and the regulations implementing its information reporting requirements, and, specifically, (2) stays (or pauses) all deadlines to comply with the CTA's reporting requirements. The Department of Justice filed a Notice of Appeal on December 5, 2024.

Mar 15, 2023 | jdsupra.com | Lauren Chee |Esra A. Hudson |Richard McDerby

The sudden closure of a bank can create a host of ripple effects. It is important that employers stay alert and vigilant in managing their employment practices when faced with liquidity concerns that inevitably arise from such events. For example, the closure of a company’s bank (or its payroll provider’s bank) does not suspend the company’s legal obligations to timely pay employees and operate its payroll systems.