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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MAJOR BIPA AMENDMENT SEVERELY LIMITS DAMAGES
There is finally a common sense amendment to the Illinois Biometric Information Privacy Act (“BIPA”). The new Amendment, signed on August 2, 2024 by Governor Pritzker, allows entities to obtain consent via electronic signature, but far more importantly, it did away with “per scan” damages. That is, pursuant to Illinois Supreme Court precedent (Cothron v.…
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Beneficial Ownership Information (BOI) Reporting: Get the FAQs
As a follow up to our most recent post regarding the Beneficial Ownership Information ("BOI") Reporting imposed by the U.S. Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”), we have put together a FAQs to provide answers to questions that many entity and business owners are asking. Please click here to view: BOI FAQ - 2024 …
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OlenderFeldman providing assistance with Beneficial Ownership Information Reporting
In light of the new obligation under the US Treasury Department's Financial Crimes Enforcement Network ("FinCEN") to report beneficial ownership Information ("BOI"), OlenderFeldman is offering assistance via its own BOI Platform. For more information, please click here: OlenderFeldman BOI Services. Thank you
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