Insights

Update Memo: Fifth Circuit Panel Reinstates the CTA and FinCEN Extends the Deadline to January 13

On December 23, 2024, a panel of the Fifth Circuit issued a stay in the appeal concerning the Corporate Transparency Act (“CTA”). As a result, the CTA is back in force.

Choate Celebrates 125th Anniversary

This month marks the 125^th anniversary of Choate, Hall & Stewart LLP, one of the country’s premier and most innovative law firms.

Update Memo: Court Issues Nationwide Injunction Against the CTA, and DOJ Appeals

On Tuesday, December 3, 2024, a U.S. District Court in Texas issued a nationwide order enjoining enforcement of the Corporate Transparency Act (“CTA”) and setting aside the filing deadline. Immediately following on Friday, December 6, the U.S. Department of Justice (“DOJ”) filed an appeal to the Fifth Circuit Court of Appeals.

Choate Represents Initial Purchasers in $100M Private Placement by Eversource

Choate represented the initial purchasers in connection with a private placement offering of First Mortgage Bonds, 5.17% due 2034 by Eversource Gas Company of Massachusetts doing business as Eversource Energy, in the aggregate principal amount of $100M.

Choate Attorneys Named 2024 Top Lawyers by Boston Magazine

Six Choate attorneys are named 2024 Top Lawyers by Boston Magazine’s annual listing, including Kevin Finnerty and J.P. Jaillet in Insurance, Douglas Gooding and Jonathan Marshall in Bankruptcy & Workout, Christine Savage in Healthcare Law, and Lyndsey Kruzer in Labor & Employment.

31 Choate Attorneys Named to Massachusetts Supreme Judicial Court 2023 Pro Bono Honor Roll

31 Choate attorneys have been recognized by the Massachusetts Supreme Judicial Court’s Pro Bono Honor Roll for distinguished service by providing volunteer legal services for those most in need.

Choate Represents Second Avenue Capital Partners in $120M Line of Credit to The Aaron’s Company

Choate represented Schottenstein affiliate Second Avenue Capital Partners (SACP), a provider of customized solutions for the retail and consumer product sectors, in a $120M senior secured revolving line of credit for The Aaron’s Company, Inc., an industry leader in lease-to-own and purchase solutions for furniture, consumer electronics, home appliances, and more.

Choate Represents Second Avenue Capital Partners in $112M Senior Secured Revolving Credit Facility and Term Loan to Backcountry

Choate represented Schottenstein affiliate Second Avenue Capital Partners in a $112M Senior Secured Revolving Credit Facility and Term Loan for Backcountry, the leading premium specialty retailer of outdoor gear and apparel. 

Choate Represents PNC Bank as Administrative Agent for DIP Financing to Big Lots

Choate represented PNC Bank, National Association, as administrative agent in connection with a syndicated Senior Secured Superpriority Debtor-In-Possession Asset-Based Revolving Credit Facility (the "ABL DIP Facility") of up to $550M to Big Lots, Inc. and certain of its subsidiaries.