Legal News

When buying and selling a business, the parties are right to focus on the purchase and sale agreement, as it contains the transaction’s definitive deal terms, including the purchase price, and the parties’ pre- and post-closing obligations. It also...By: Thompson Coburn LLP

In the second round of debates between the presidential Democratic candidates held on July 30 and July 31, 2019, policy disagreements over the future of the U.S. health care system were front and center. Candidate proposals ranged from expanding the...By: Thompson Coburn LLP

Even while fires rage throughout the State, the California legislature has been busy throughout 2019 enacting a host of new employment laws. Here are seven things to look out for in 2020: Restrictions on arbitration - Labor Code § 432.6 prohibits...By: Thompson Coburn LLP

It seems likely that in the next few years the United States Supreme Court will decide whether ERISA plans may include enforceable forum selection clauses. The vast majority of federal district courts and the only two federal appellate courts to...By: Thompson Coburn LLP

According to the Internal Revenue Service (IRS), the best way for an employer to avoid 401(k) plan mistakes is to conduct an annual checkup of the plan document and plan operations. The IRS provides a 401(k) plan checklist on its website for this...By: Thompson Coburn LLP

The confluence of a number of factors has created a merger-friendly environment for universities and colleges in the United States. Things like a strong economy, easing of regulations, and demographic trends have led trustees and owners to pursue...By: Thompson Coburn LLP

Effective September 29, 2019, Illinois has amended the Illinois Equal Pay Act of 2003 to prohibit employers from inquiring about an applicant’s current or prior salary, wages, benefits, or other compensation and using this salary history to make...By: Thompson Coburn LLP

On Tuesday, September 24, the U.S. Department of Labor (DOL) released a long-awaited final rule updating the salary thresholds for the executive, administrative, and professional (EAP) overtime exemptions under the FLSA. Employers will be required to...By: Thompson Coburn LLP

Section 457(f) of the Internal Revenue Code (“Code”) governs “ineligible” deferred compensation plans or arrangements maintained by tax-exempt employers. Section 457(f) does not apply to retirement plans that are qualified under Section 401(a),...By: Thompson Coburn LLP

If you own a successful privately held business, then it is likely you have received a call from a private equity firm telling you that they have specifically targeted you and want to buy your business. You have heard now is a good or even great time...By: Thompson Coburn LLP