News & Insights

Read the latest from Shields →
Beware the Medusa: CISA Sounds the Alarm on RaaS
On March 12, 2025, the Federal Bureau of Investigation (FBI), Cybersecurity and Infrastructure Security Agency (CISA), and the Multi-State Information Sharing and Analysis Center (MS-ISAC) issued a joint advisory about the Medusa ransomware threat....
Removal of Pre-Existing Suits to the Texas Business Court is a Non-Starter
The Texas Business Court officially began accepting cases on September 1, 2024. Through the end of February 2025, the Business Court issued more than a dozen written opinions[1] largely focused on twenty sections of the Government Code, added under...
Corporate Transparency Act Update: BOI Reporting Requirement Resumes In March
The Beneficial Ownership Information (BOI) reporting requirements under the Corporate Transparency Act (CTA) are once again back in effect. The deadline for most reporting companies to file initial reports has been extended until March 21, 2025....
Congress Gives First Hints of New Tax Bill
Jason Smith, Ways and Means Chairman, has taken to the media to start stumping and communicating priorities and positions for the eventual tax bill coming from Congress. Here are a few things I’ve heard consistently throughout the final week of...
The Stowers Doctrine: Upholding Fairness and Diligence in Texas Insurance Claims
The Stowers Doctrine is a legal principle unique to Texas that holds insurance companies accountable for handling settlement offers fairly. This principle originated from the landmark 1929 case G.A. Stowers Furniture Co. v. American Indemnity Co.,...
Texas Governor Calls for Cyber Command
During his annual State of the State address on Sunday, February 2nd, Texas Governor Greg Abbott revealed plans to establish the Texas Cyber Command, which will be based in San Antonio. This new command will develop a strategy to tackle the state's...
Corporate Transparency Act Update: Reporting under the CTA is still paused due to a second nationwide injunction. FinCEN clarifies that it cannot currently enforce BOI reporting, making filing of BOI reports voluntary at this time.
On Friday, January 24, 2025, the Financial Crimes Enforcement Network (“FinCEN”) issued the following Alert regarding the current state of filing requirements under the CTA: In light of a recent federal court order, reporting companies are not...
President Biden’s Last Minute Executive Order on Cybersecurity Faces Uncertain Future
On January 16, 2025, during his final days in office, former President Joe Biden signed Executive Order 14144, “Strengthening and Promoting Innovation in the Nation’s Cybersecurity.” EO 14144 introduces cybersecurity standards for federal...
President-Elect’s Pick for FTC Chair Is Not a Fan of the FTC’s Nationwide Rule Banning Non-Competes
President-elect Donald Trump's announcement that he intends to appoint Federal Trade Commissioner Andrew Ferguson to chair the Federal Trade Commission ("FTC") may lead to a status change regarding the FTC’s recent nationwide ban on noncompete...

The mission of Shields Legal is to bring strategic business insight, professional judgment and competence to your company’s business and legal issues.