BOI requirements back on hold

[John Underwood]

“The merits panel now has the appeal, which remains expedited, and a briefing schedule will issue forthwith. However, in order to preserve the constitutional status quo while the merits panel considers the parties’ weighty substantive arguments, that part of the motions-panel order granting the Government’s motion to stay the district court’s preliminary injunction enjoining enforcement of the CTA and the Reporting Rule is VACATED.”

  What does this mean? It means that the full panel of the 5th Circuit Court of Appeals has reversed what a lesser panel of that court has done. The original trial court decision granting an injunction against the enforcement of the CTA and having to file the beneficial ownership information (BOI) reports has been reinstated.