IMPORTANT CTA UPDATE: Corporate Transparency Act's Mandatory Reporting Deadlines Are Back in Effect. Most Covered Entities Must File by March 21, 2025
After a whiplash-inducing series of back-and-forth court orders, the federal Corporate Transparency Act's (CTA) mandatory deadlines for reporting Beneficial Ownership Information (BOI) are once again back in effect. In what appears to be the final word on the issue for the foreseeable future, a recent court order means that most covered Reporting Companies will need to submit their BOI information to FinCEN by March 21, 2025, if they have not already done so. . . . [READ MORE]
A Significant Decision Concerning AI Companies Using Copyrighted Works
On February 11, 2025, Judge Bibas of the United States District Court for Delaware issued a revised summary judgment ruling in the Thomson Reuters v. Ross Intelligence case which could have critical ramifications for companies which are using the copyrighted works of others as a means to create generative AI products. . . . [READ MORE]
Illinois' New Pay Transparency Requirements: Department of Labor Releases Much-Needed Guidance For Employers
Of the many Illinois employment law changes that went into effect when the clock struck midnight on Dec. 31, 2024, the state's new pay transparency law is perhaps the most impactful and involved for employers. Pursuant to an amendment to the Equal Pay Act of 2003 (the "Act"), all Illinois employers with 15 or more full or part-time employees (no matter where located) must include pay scale and benefits information in job postings as of Jan. 1, 2025. However, the language contained in the amendments left many questions unanswered for employers, creating uncertainty as to what exactly they needed to include in postings and other steps they needed to take to ensure compliance. . . . [READ MORE]
