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Ruling Update for Corporate Transparency Act (CTA) Implementation

Ruling Update for Corporate Transparency Act (CTA) Implementation

Last week, the US District Court for Eastern District of Texas ruled on reporting under the Corporate Transparency Act, issuing a nationwide injunction against its enforcement. The CTA otherwise required entities to report Beneficial Ownership Information on or before January 1, 2025. While this injunction is not permanent, we will suspend filings for companies until the injunction is overturned on appeal.

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FTC Publishes Final Rule Banning Non-Compete Agreements

FTC Publishes Final Rule Banning Non-Compete Agreements

On Tuesday, April 23, 2024, the FTC published a final rule banning new non-compete clauses in employment contracts with all workers after its effective date. The rule goes into effect 120 days following its publication in the Federal Register. Existing non-compete agreements, except for those covering senior executives, are unenforceable after the effective date.

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Best Law Firms and Best Lawyers - 2024

Best Law Firms and Best Lawyers - 2024

Kotz Sangster has been recognized in Michigan's regional-specific areas by Best Law Firms®, ranked by Best Lawyers in America®. Additionally, thirteen of the firm's attorneys have been recognized in the 30th Edition of Best Lawyers and another four in the 4th Edition of Best Lawyers: Ones to Watch.

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Michigan Supreme Court Rules That Supply Agreements Are Not Requirements Contracts Unless Specified

Michigan Supreme Court Rules That Supply Agreements Are Not Requirements Contracts Unless Specified

The Michigan Supreme Court has overruled the lower court’s ruling in the case of MSSC Inc. v. AirBoss Flexible Products Co., setting an new precedent for business relationships between material buyers and sellers that directly impacts industrial suppliers and buyers alike. Both should take immediate action to review their existing contracts, paying close attention to the language and clarifications. Read on for more information.

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