The nationwide preliminary injunction enjoining the Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”) from enforcing the Corporate Transparency Act (the “CTA” ) issued on December 3, 2024 in the case Texas Top Cop Shop, Inc., et al. v. Garland, et al., E.D. Tex., Case No. 4:24-cv-00478-ALM, while briefly lifted on December 23, 2024 by the U.S. Court of Appeals for the Fifth Circuit (the “Court of Appeals”), was reinstated by the Court of Appeals only several days later. Since the reporting requirements remain in flux, we recommend that interested persons continue to monitor developments regularly.
Should you have questions regarding the above, the Transactional Department at Cuddy & Feder LLP is here and ready to help.
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