Alerts12.27.24
CTA Reversal Reversed! Fifth Circuit Vacates Its Own Stay, Restores District Court’s Injunction of CTA
Highlights
The Fifth Circuit has vacated the stay it had granted on Dec. 23, 2024, of the injunction that suspended enforcement of the Corporate Transparency Act (CTA) and its Beneficial Ownership Information (BOI) reporting rule
Fifth Circuit merits panel vacated prior action of its motions panel
Obligations under the CTA to file BOI reports are again suspended
Continuing a series of rapid-fire legal developments regarding the Corporate Transparency Act (CTA), on Dec. 26, 2024, in an unusual action, the U.S. Court of Appeals for the Fifth Circuit vacated its own stay that its motions panel had issued on Dec. 23. To recap recent developments:
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