The United States District Court for the Eastern District of Texas, in Texas Top Cop Shop, Inc., et al. v. Garland, et al., issued an injunction temporarily stopping enforcement of the Corporate Transparency Act (CTA)....more
12/16/2024
/ Beneficial Owner ,
Business Entities ,
Business Ownership ,
Compliance ,
Corporate Transparency Act ,
Filing Requirements ,
FinCEN ,
Preliminary Injunctions ,
Regulatory Requirements ,
Reporting Requirements ,
Stays
The Texas Legislature, during its 87th Regular Session, passed several bills with direct implications for Texas partnerships, corporations, and limited liability companies. Below are some of the key changes for Texas...more
In Adar Bays, LLC v. GeneSYS ID, Inc., the New York Court of Appeals (the “Court”) held that the conversion price in a convertible option could be classified as interest thereby potentially falling under the territory of New...more
12/22/2021
/ Breach of Contract ,
Commercial Loans ,
Common Stock ,
Consumer Financial Products ,
Contract Terms ,
Conversion ,
Convertible Notes ,
Criminal Liability ,
Interest Rates ,
New York ,
Usury
In Ashland LLC v. Samuel J. Heyman 1981 Continuing Trust for Lazarus S. Heyman (Del. Super. Ct. Nov. 10, 2020), the Complex Commercial Litigation Division of the Delaware Superior Court held that parties to a contract are...more
Long-awaited relief has arrived for many struggling small businesses in the form of the Consolidated Appropriations Act of 2021 (the “Appropriations Act”), signed into law by President Donald Trump on December 27, 2020....more
On August 25, 2020, the U.S. Securities and Exchange Commission (SEC) adopted amendments to the definition of “accredited investor” in Rule 501 promulgated under Regulation D of the Securities Act of 1933. Historically,...more
10/13/2020
/ Accredited Investors ,
Financial Services Industry ,
Financial Transactions ,
Investment Funds ,
Private Equity ,
Regulation D ,
Regulatory Reform ,
Rule 501 ,
Rural Business Investment Companies (RBICs) ,
Securities Act of 1933 ,
Securities and Exchange Commission (SEC) ,
Securities Regulation
In June 2019, David Dunwoody (“Dunwoody”) left his position as President of EnVen Energy Corporation (“EnVen”) amidst a scandal centering around his alleged involvement in a kickback scheme. Dunwoody sued EnVen, the oil...more
8/3/2020
/ Adverse Employment Action ,
Breach of Duty ,
Compensation & Benefits ,
Contract Disputes ,
Duty of Loyalty ,
Employment Contract ,
Fiduciary Duty ,
Forum Selection ,
Fraud ,
Hiring & Firing ,
Severance Pay ,
Termination ,
Venue