News

On December 3, 2024, the U.S. District Court for the Eastern District of Texas granted a nationwide preliminary injunction that enjoins the federal government from enforcing the Corporate Transparency Act (the “CTA”). The Corporate Transparency Act went into effect January 1, 2024, and requires all reporting companies to file information about the beneficial owners of the company the with Financial Crimes Enforcement Network (“FinCEN”).

The penalties for failing to comply with CTA beneficial ownership reporting can be significant. The law provides that any person that willfully fails to comply or willfully provides false information may be subject to civil penalties of up to $500 per day and criminal penalties of up to $10,000 and two years in prison.  

The Centers for Medicare and Medicaid Services (CMS) is providing additional information on new requirements to comply with the Hospital Price Transparency regulations, which require each hospital operating in the U.S. to publish a comprehensive machine-readable file (MRF) with the standard charges for all items and services the hospital provides.   The initial Price Transparency requirements went into effect and monitoring and enforcement began on January 1, 2021.

Little Rock, AR – Amie Schoeppel Wilcox has been honored with the "Outstanding Pro Bono Service Lawyer - Large Firm" award by Arkansas Access to Justice. This award, which will be formally presented during the Arkansas Access to Justice Fall Reception on October 3rd, recognizes attorneys from large firms who have made exceptional contributions to pro bono legal services in Arkansas.

Little Rock, AR – Herschel H. Friday, distinguished attorney and former managing partner of Friday, Eldredge & Clark has been posthumously inducted into the Arkansas Bar Association Legal Hall of Fame. A formal ceremony honoring Mr. Friday’s induction was held on Thursday, September 12th, at the Robinson Center in Little Rock.

Little Rock, AR – Kimberly D. Young, a partner in the firm’s Litigation Group, has been selected to serve on the Board of Directors for the Trial Attorneys of America (TAA). The TAA is an invitation-only organization comprised of leading trial attorneys with extensive experience in the defense of products liability litigation.