Client Alert: CTA Coaster Hits the Wall: FinCEN Makes BOI Exemptions Permanent | Paul-Kalvin Collins

After nearly two years of changing deadlines, court rulings, and regulatory developments, the Corporate Transparency Act (“CTA”) roller coaster has finally rolled to a halt for U.S. companies and U.S. persons.

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After nearly two years of changing deadlines, court rulings, and regulatory developments, the Corporate Transparency Act (“CTA”) roller coaster has finally come to a halt for U.S. companies and U.S. persons. Bailey Glasser lawyer Paul-Kalvin Collins writes what may be the final chapter of this CTA roller coaster.

On August 11, 2026, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”) issued a final rule making permanent the beneficial ownership information (“BOI”) reporting exemptions first established in its March 2025 interim final rule. Under the final rule, U.S. companies and U.S. persons are permanently exempt from requirements to report BOI to FinCEN under the CTA. FinCEN also announced that it will delete previously reported information concerning U.S. persons from its BOI database. The final rule will become effective upon publication in the Federal Register.

What Changed? Read more here.

David Selby Speaking at HarrisMartin MDL Conference in July 2026

The program features David along with other notable panelists, including the Honorable R. David Proctor, U.S. District Court for the Northern District of Alabama.

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Bailey Glasser’s Mass Torts Practice Group Leader David Selby is a speaker at the upcoming HarrisMartin MDL Conference on July 29, 2026, in Asheville, North Carolina. The title of David’s panel is “Peaks and Valleys: The Current Settlement Landscape and How to Get There,” and features David along with other notable panelists, including the Honorable R. David Proctor, U.S. District Court for the Northern District of Alabama.

To learn more and register, visit: https://www.harrismartin.com/conferences/1519/MDL_July2026/

David leads teams fighting on behalf of sexual abuse survivors and people injured by defective products across the United States. David is a nationally acclaimed litigator who was named by Lawdragon to its 2026 Lawdragon 500 Leading Litigators in America list and is nationally ranked by Chambers USA in its Nationwide Product Liability category, among many other recognitions.

Partner Katherine Charonko Named Elite Women of Plaintiffs Bar Winner

The Elite Trial Lawyers awards honor “firms and attorneys who have delivered groundbreaking legal strategies, achieved significant results, and showcased an unwavering commitment to advancing justice for their clients.”

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Partner Katherine E. Charonko has been named a 2026 Elite Women of the Plaintiffs Bar winner. According to ALM and the National Law Journal, the Elite Trial Lawyers awards honor “firms and attorneys who have delivered groundbreaking legal strategies, achieved significant results, and showcased an unwavering commitment to advancing justice for their clients.”

Kate is a trial lawyer and the Practice Group Leader of Bailey Glasser’s Electronically Stored Information & Technology Practice Group, where she designs and deploys ESI strategies in complex nationwide class actions and MDLs, including mass tort and product liability cases of national consequence. She also speaks and writes widely on emerging issues in technology and litigation, including the use of artificial intelligence.

Kate has earned widespread recognition for her work. Kate was named a winner of the Monica Bay Women of Legal Tech Award by Legalweek (ALM) in 2026 and was named a 2026 Lawdragon 100 Leading AI & Legal Tech Advisor and 2026 Lawdragon Top 500 Leading Litigator. She is also nationally ranked by Chambers & Partners in Nationwide – Product Liability: Plaintiffs and Nationwide – E-Discovery & Information Governance: Plaintiffs (Band 1), among many other recognitions.

To view the entire list of nominees and award winners, please visit this link.

The awards ceremony is taking place on Thursday, July 23rd, in New York City. We thank ALM and the National Law Journal for recognizing Kate’s work, and congratulate all the winners of this award.

Law 360 Profiles BG Kentucky Office and New Partner Todd Myers

Law 360 Pulse profiles the opening of our Lexington, Kentucky office and the joining of Todd C. Myers as a partner in our Civil Defense Practice Group.

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Law 360 Pulse profiles the opening of our Lexington, Kentucky office and the joining of Todd C. Myers as partner.

Todd brings more than 26 years of experience as in-house counsel and litigator for some of the country’s largest mining and mineral development companies. Most recently, he served as VP, Associate General Counsel, and Assistant Secretary at Alliance Resource Partners, L.P., where he directed enforcement defense, civil litigation, and regulatory compliance across operations in West Virginia, Kentucky, Illinois, and Indiana. Before that, he spent eight years as Senior Vice President of Risk Management and Associate General Counsel at Blackhawk Mining, LLC.

Todd’s practice covers the full range of federal regulatory issues facing mining and heavy-industry clients, including Clean Water Act enforcement, SMCRA permitting and bond-release proceedings, CERCLA and RCRA litigation, and matters before the Federal Mine Safety Review Commission. He also represents clients in governmental investigations involving workplace accidents and union-represented workforces.

In addition to being a lawyer, Todd is a certified underground coal miner and mine rescue team member in West Virginia, an MSHA instructor with an unlimited rating, and a WVOMHST-certified instructor.

Learn more here.

Todd Myers Joins Bailey Glasser’s New Kentucky Office as Partner

Todd brings more than 26 years of experience as in-house counsel and litigator for some of the country’s largest mining and mineral development companies.

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Bailey & Glasser, LLP is pleased to announce the opening of our new Lexington, Kentucky office and the addition of Todd C. Myers as partner. Todd joins the firm’s Civil Defense Practice Group, giving the firm a dedicated presence in Kentucky and expanded capacity to serve coal, energy, and heavy-industry clients across the region.

Todd brings more than 26 years of experience as in-house counsel and litigator for some of the country’s largest mining and mineral development companies. Most recently, he served as VP, Associate General Counsel, and Assistant Secretary at Alliance Resource Partners, L.P., where he directed enforcement defense, civil litigation, and regulatory compliance across operations in West Virginia, Kentucky, Illinois, and Indiana. Before that, he spent eight years as Senior Vice President of Risk Management and Associate General Counsel at Blackhawk Mining, LLC.

Rebecca Pomeroy, the firm’s Civil Defense Practice Group Leader, stated: “Todd Myer’s unique and important experience will be a major asset to our industrial clients. Our new Kentucky office also allows us to broaden our local representation in the area and allows us to be of the greatest service to all our clients.”

Todd’s practice covers the full range of federal regulatory issues facing mining and heavy-industry clients, including Clean Water Act enforcement, SMCRA permitting and bond-release proceedings, CERCLA and RCRA litigation, and matters before the Federal Mine Safety Review Commission. He also represents clients in governmental investigations involving workplace accidents and union-represented workforces.

Read more at this link.