Legal Blogs and Updates

  • Posts by Noel Humphreys
    Of Counsel

    A transactional lawyer working closely with business clients, Noel Humphreys actively participates in the ins and outs of business organizations. He focuses his practice on business transactions, lending transactions ...

As discussed in a prior alert, New Jersey employers are subject to a three-factor test, known as the ABC test, that generally classifies most workers as employees, rather than as independent contractors. On May 13, 2024, the Supreme Court of New Jersey issued an opinion clarifying that the ABC ...

To fight money laundering, the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) is now requiring title companies to collect and file information identifying the buyers of residential real estate for at least $300,000 (less in Baltimore) whenever the buyer does not ...

As we reported earlier, the federal Corporate Transparency Act (the “CTA”) now requires most small corporate entities to report ownership information to the Financial Crimes Enforcement Network of the U.S. Treasury Department. New York has adopted its own version of the legislation ...

The Supreme Court last week heard arguments in the appeal of a Circuit Court opinion resolving a million-dollar dispute with the IRS that owners of closely held businesses should heed.

The case on appeal, Thomas Connelly v. United States, 70 F. 4th 412 (8th Circuit, June 2, 2023), involves two ...

Deadlines are fast approaching for companies to file ownership information reports required by the newly applicable federal Corporate Transparency Act (“CTA”).

The CTA requires most small corporate entities to report ownership information to the Financial Crimes Enforcement ...

New York Governor Kathy Hochul in late December vetoed a bill that would have authorized courts to void non-compete agreements, provisions that employment contracts sometimes include to limit employees’ choices regarding where and when they may accept a job with another employer.

The ...

Non-Competes in New York: Pending Legislation Leaves Some Questions Unanswered

New York Governor Kathy Hochul has a bill on her desk awaiting signature that would generally make non-compete agreements for employees not enforceable in New York. The legislation enhances the importance of confidentiality agreements.

In June, the New York state legislature passed a ...

President Biden Signs the Ending Forced Arbitration of Sexual Assault and Sexual Harassment Act

On March 3, 2022, President Biden signed into law the “Ending Forced Arbitration of Sexual Assault and Sexual Harassment Act of 2021” (the “Act”) (otherwise known as the “#MeToo Bill”).  The Act amends the Federal Arbitration Act, and nullifies mandatory arbitration ...

Is It Time to Ask for Forgiveness for Your PPP Loan?  A New FAQ Provides Guidance About Timing and Calculations on PPP Loan Forgiveness

The Small Business Administration (SBA) has released new FAQ guidance regarding loan forgiveness for Paycheck Protection Program (PPP) loans. SBA’s interim rules and FAQs, along with forms, are available at ...

Key Points of the Paycheck Protection Program Flexibility Act

[This post supplements the Connell Foley blog post “Summary of Financial Assistance Available to Small Businesses Under the CARES Act” posted on 03.29.2020.]

The Paycheck Protection Program Flexibility Act (PPPFA), signed into law June 5, 2020, has extended deadlines and ...

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