Client Alerts Archives - Page 2 of 42

Client Alerts Corporate & BusinessCorporate Transparency Act Update: Texas Federal Court Injunction Temporarily Halts Enforcement of CTA

December 5, 2024

By Lawrence Sheh, Brian Reilly, and Madeline Ursini On December 3, 2024, the U.S. District Court for the Eastern District of Texas issued a nationwide preliminary injunction temporarily blocking enforcement of the Corporate Transparency Act (the “CTA”). This ruling halts the CTA’s requirements for United States “reporting companies” to disclose information about their beneficial owners...

Client Alerts Corporate & BusinessReminder: The January 1, 2025 Corporate Transparency Act Filing Deadline is Approaching

November 27, 2024

By Lawrence Sheh, Brian Reilly, and Madeline Ursini This is a reminder that the January 1, 2025 deadline for filing a Beneficial Ownership Information (BOI) report under the Corporate Transparency Act (CTA) is approaching. Failure to timely file with the U.S. Treasury’s Financial Crimes and Enforcement Network (FinCEN) may result in substantial civil and criminal...

Client Alerts Employment & LaborFLSA Salary Basis Rule on Hold

November 25, 2024

By Alicia Samolis, Sean Fontes, Morgan Hedly, and Michael Gamboli On November 15, 2024, the U.S. District Court for the Eastern District of Texas issued a nationwide injunction vacating the U.S. Department of Labor’s (DOL) new rule (the “Rule”) raising the minimum salary thresholds for the Fair Labor Standards Act’s (FLSA) major exemptions to overtime and minimum wage laws. ...

Client Alerts NonprofitFearless Fund Settles Yearlong Suit with the American Alliance for Equal Rights

October 29, 2024

Challenges to Race-based Initiatives Continue: Fearless Fund Settles Yearlong Suit with the American Alliance for Equal Rights, Ending the Strivers Grant Contest for Women of Color Business Owners By Elizabeth O. Manchester and Kelley J. O’Donnell Fearless Fund is a venture capital fund supporting minority business owners, particularly women of color.[1] [Fearless Foundation is a...

Client Alerts Corporate & BusinessRecent Supreme Court Decision Upends Business Succession Planning Strategies

October 25, 2024

By Lawrence J. Sheh, Elizabeth O. Manchester, Brian J. Reilly, and Madeline M. Ursini In Connelly vs. United States (602 U.S. 257, June 6, 2024), the Supreme Court unanimously ruled that in a redemption of a deceased shareholder’s shares of stock, the corporation’s fair market value should include the proceeds received by the corporation from...

Client Alerts Employment & LaborNew Case Increases Importance of Employer Investigations

October 9, 2024

Alicia J. Samolis, Chair of the firm’s Labor & Employment Practice, shared insightful legal perspectives in a recent Rhode Island Lawyers Weekly feature regarding the controversial First Circuit Opinion Caruso v. Delta Air Lines, Inc., No. 22-1775. In the case, the First Circuit granted a summary judgment motion in favor of an employer on a...

Client Alerts Employment & LaborAs Predicted, Judge Strikes Down FTC’s Noncompete Rule

August 21, 2024

By Alicia J. Samolis, Michael A. Gamboli, Sean M. Fontes, & Morgan E. Hedly As we predicted in our May 1, 2024 Client Alert, the Federal Trade Commission’s Noncompete Rule (the “Rule”) has been struck down on a nationwide basis. On August 20, 2024, U.S. District Judge Ada Brown of the Northern District of Texas set aside the FTC...

Client Alerts Employment & LaborMassachusetts Job Postings to Include Pay Ranges Starting Summer 2025

August 19, 2024

By Alicia J. Samolis, Michael A. Gamboli, Sean M. Fontes, & Morgan E. Hedly Massachusetts will be joining the growing number of states requiring pay ranges be included in advertisements and provided in certain other circumstances. Specifically, Massachusetts Governor Maura Healey signed into law H.4890, the “Frances Perkins Workplace Equity Act” (the “Act”) containing both pay...

Client Alerts Land UseR.I. Court Holds 2023 Shore Access Law Is An Unconstitutional Taking

July 19, 2024

By Robert K. Taylor In June 2023, the Rhode Island General Assembly enacted legislation granting the public expanded “privileges of the shore,” including but not limited to the right to fish from the shore, to swim in the sea and to pass along the shore. Until 2023, the area where those public privileges could be...

Client Alerts Litigation & DisputesTwo Supreme Court Decisions Shift the Ground for Legal Challenges to Federal Agency Actions

July 18, 2024

By Christopher M. Wildenhain and James P. McGlone The Supreme Court has now concluded its most recent term, and in its final two days handed down two decisions with major implications in the area of administrative law (each by a 6-3 margin). And while their precise consequences remain to be seen, both decisions—previewed by PSH...

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