On Wednesday, September 27, the Treasury Department announced a new proposed rule extending the deadline for companies formed in 2024 to comply with the Corporate Transparency Act’s beneficial ownership and control reporting rules.
Corporate Transparency Act Update
The Corporate Transparency Act requires most existing and most new businesses to file a detailed report with FINCEN (the United States Treasury’s Financial Crimes division) detailing who the major owners and managers are. Currently, the filing period commences January 1, 2024.
Key Takeaways From NLRB General Counsel’s Guidance Memo Regarding McLaren Macomb Decision
We recently reported on the National Labor Relations Board’s McLaren Macomb decision, which held that employers commit an unfair labor practice by merely proffering a severance agreement including broad confidentiality and non-disparagement clauses, regardless of whether the employee actually signs the agreement. The Board’s General Counsel (“GC”) has now issued a Guidance Memorandum explaining her
NLRB Finds Confidentiality and Non-Disparagement Provisions in Severance Agreements Unlawful
The National Labor Relations Board (“NLRB”) ruled this week in the McLaren Macomb case, a decision applicable to both non-unionized and unionized employers, that merely including standard confidentiality and non-disparagement provisions in a severance agreement violates the National Labor Relations Act (the “Act”). The new Biden administration Board found that such provisions “interfere with, restrain
Masks, Large Sums of Money, and a Runaway—Movie Plot or Post-COVID Jury Trials?
The post-pandemic era has brought about some of the largest jury verdicts seen to date. For example, just this month an Iowa jury awarded $97.4 million to a child and his family in a medical malpractice birth injury case. In Washington State, $185 million was awarded to three teachers who were exposed to long-lasting chemicals