SCOTUS Gets Involved in CTA Litigation

January 7, 2025

Around and around we go! On December 26, 2024, the Supreme Court of the United States (“SCOTUS”) lifted the emergency stay of the nationwide injunction granted by the Fifth Circuit just 3 days earlier. In the latest installment of the CTA saga, the Department of Justice (“DOJ”) filed a petition on December 31, 2024 to once again reinstate the stay. Plaintiff’s response to the DOJ’s petition is due January 10, 2025, with the Court’s decision expected shortly thereafter.

In the meantime, the preliminary injunction remains in effect and reporting companies will not face liability for failing to file beneficial ownership information (“BOI”) reports, though they may continue to do so voluntarily. If SCOTUS grants the DOJ’s request to reinstate the stay, the BOI reporting requirement could be reinstated immediately. The most recent deadline was set for January 13, 2025, but this is likely to be extended.

As we anxiously await SCOTUS’s decision, we suggest you continue gathering the information necessary to prepare your BOI reports in case the filing requirement resumes. We will continue to monitor the situation and keep you apprised of new developments.

Questions or comments? Please contact us at (646) 213 9044 or Admin@AndrieuxLaw.com.

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