Bloomberg Law “The Financial Crimes Enforcement Network won’t issue fines to companies that miss the March 21 initial deadline to comply with the Corporate Transparency Act, it said in a news release. The act requiring 32 million US businesses to report information on their beneficial owners is poised to taked effect Read more…
Bloomberg Law “US businesses preparing to disclose their beneficial ownership information to the government under its new March 21 deadline to enforce the Corporate Transparency Act could see the compliance date pushed back again. That deadline is when most businesses must file reports identifying who owns or controls their company, directly or Read more…
Bloomberg Law “I was once taught that it was rude to talk about salary, or, really, anything related to money. Now, scrolling through social media, I regularly see posts about pay transparency, showcasing people discussing their compensation in front of the whole world. Though employees have long had the right Read more…
Bloomberg Law “Super Bowl LIX in New Orleans will kick off Sunday night with a Harvard Law School graduate and former Big Law partner in the middle of the action. Referee Ronald Torbert is a former equity partner at Dykema Gossett, as well as general counsel for AlliedSignal Automotive and Read more…
Reuters “A proposed class action accusing Microsoft’s LinkedIn of violating the privacy of millions of premium customers by disclosing their private messages to train generative artificial intelligence models has been dismissed. The plaintiff, Alessandro De La Torre, on Thursday filed a notice of dismissal without prejudice in the San Jose, Read more…
Bloomberg Law “The US Supreme Court’s decision to pause a nationwide injunction blocking the Corporate Transparency Act again created uncertainty for US businesses even as the federal government said enforcement of the law remains on hold. The justices on Thursday granted the Justice Department’s request to stay the injunction—the first to block Read more…
Bloomberg Law “The Federal Trade Commission will require companies to secure opt-in consent for targeting advertising to children and bar them from retaining kids’ data indefinitely under finalized amendments to its children’s privacy rule being unveiled Thursday. But the update to the FTC’s rules implementing the 1998 Children’s Online Privacy Read more…
Bloomberg Law “The US Justice Department filed a lawsuit to block a $570 million deal in the corporate travel market over antitrust concerns. In a complaint filed Friday in federal court in New York, antitrust enforcers said American Express Global Business Travel Group Inc.’s acquisition of rival CWT Holdings would harm the market for travel management. Read more…
Bloomberg Law Amazon.com Inc. must face an antitrust lawsuit by a competing online retail platform that alleges the e-commerce giant maintains an illegal monopoly and uses that power to stifle competition. Zulily LLC, an online apparel retailer that describes itself as an Amazon victim, has offered enough evidence that it competes Read more…
Bloomberg Law A Fifth Circuit panel reinstated a nationwide injunction blocking enforcement of the Corporate Transparency Act, three days after a different panel lifted it, causing turmoil in compliance offices. The CTA, enacted as an anti-money laundering measure, requires that US entities that existed before 2024 disclose the identities of Read more…