The FBI is advising all Americans to use encrypted messaging apps for messaging and phone calls due to an ongoing hack believed to have originated in China. The hackers have been accessing 3 primary types of information: (1) call records of metadata that show who called who and when. This has been focused in the…
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Important BOI Reporting Update: Just the FAQs (Frequently Asked Questions)
Earlier this year, OlenderFeldman LLP notified its clients of the U.S. Treasury Department’s Financial Crimes Enforcement Network (“FinCen”) requirement that a majority of businesses would be required to disclose their Beneficial Ownership information (“BOI”) under the Corporate Transparency Act (“CTA”). Q. What has happened? A. Yesterday, December 3, 2024, the Eastern District of Texas issued…
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UPDATE: Northern District of Texas’ Decision Blocking the FTC Ban on Non-Competes
As we predicted, on August 20, 2024, hours after our latest FAQ, a federal judge in the Northern District of Texas struck down the Federal Trade Commission’s (FTC) proposed nationwide ban on non-compete agreements. The Texas court found that the FTC exceeded its authority and declared the Non-Compete Rule "unreasonably overbroad." As a result, the…
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Just the FAQs (Frequently Asked Questions): Legal Challenges to the FTC’s Final Rule Invalidating Non-Competes
In May 2024, OlenderFeldman LLP notified its clients of the Federal Trade Commission’s (FTC) final rule banning nearly all non-competes and invalidating those non-competes below a senior executive level (“Non-Compete Rule”). This sweeping Non-Compete Rule has sparked legal challenges across the country, with federal lawsuits filed in Texas, Pennsylvania, and Florida seeking to block or…
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