By Alicia Samolis, Sean Fontes, Morgan Hedly, & Michael Gamboli As employers plunge forward into the New Year, they are reminded that if they have any employees working in Massachusetts – in person or remotely – then they need to ensure their Massachusetts employees have been provided the yearly Massachusetts Paid Family Medical Leave (“PFML”) law updated notice. The...
By Lawrence Sheh, Brian Reilly, and Madeline Ursini The U.S. Court of Appeals for the Fifth Circuit has reinstated a nationwide preliminary injunction on the enforcement of the Corporate Transparency Act (the “CTA”). The preliminary injunction, which had previously been stayed by a three-judge panel of the Fifth Circuit, pauses the beneficial ownership information (“BOI”) reporting requirements under...
By Lawrence Sheh, Brian Reilly, and Madeline Ursini On December 23, 2024, the 5th U.S. Circuit Court of Appeals granted a stay of the nationwide preliminary injunction granted earlier this month blocking the enforcement of the Corporate Transparency Act (the “CTA”). As a result, reporting companies’ beneficial ownership reporting obligations are once again enforceable. As...
By Christian Jenner and Christopher Wildenhain In October of 2024, the United States appealed the federal district court’s judgment in United States ex rel. Zafirov v. Florida Medical Associates, LLC.[1] In that case, the court held that the statute authorizing whistleblowers to sue in the name of the United States to recover for false claims...
By Elizabeth Manchester, Russell Stein, Brian Reilly, and Madeline Ursini OpenAI, an artificial intelligence research nonprofit, has recently garnered media attention for considering a restructuring strategy involving the formation of a taxable subsidiary. The establishment of for-profit taxable subsidiaries by nonprofit organizations qualified as tax-exempt under Internal Revenue Code (“IRC”) Section 501(c)(3)[1] has been a...
By Elizabeth O. Manchester, Russell J. Stein, and Kelley J. O’Donnell The Massachusetts legislature and Governor Healey recently passed into law An Act Relative to Strengthening Massachusetts’ Economic Leadership (the “Act”)[1]. The Act provides significant changes in the nonprofit space which will alleviate financial reporting requirements for small and mid-sized Massachusetts nonprofits as well as...
By: Lawrence J. Sheh, John E. Ottaviani, David M. DiSegna, and Hannah Y. Amadei The United States Patent and Trademark Office (USPTO) has announced new fees that will go into effect on January 18, 2025. These changes will impact 28 different trademark fees, including those for trademark applications, maintenance fees for keeping trademark registrations active, petitions and letters of protest...
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...
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...
By Alicia Samolis, Sean Fontes, Morgan Hedly, & 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. ...
