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The "business judgment rule" is a presumption that the directors of a corporation make business decisions on an informed basis, in good faith, and in the honest belief that the action taken was in the company's best interests.

With interest rates no longer at historic lows, private equity firms are finding it difficult to cheaply leverage their investments, causing valuations to fall. This has left profitable...

As the bank regulatory environment continues to tighten, and the private credit markets expand, venture debt remains a go-to source of working capital for venture-backed growth stage companies.

Sellers of a vineyard were exonerated of a claim for fraud because they "could not be held liable for nondisclosure in the absence of evidence they had actual knowledge of the facts to be disclosed."

In a recent decision, the California Court of Appeal held that the statute of frauds precluded an investment borrower from alleging that there ...

On January 21, 2025, President Trump issued Executive Order "Ending Illegal Discrimination and Restoring Merit-Based Opportunity" ("Order")...

Just when we were getting our heads around the upcoming Illinois Paid Leave for All Workers Act and feeling confident with the parameters of Chicago's 2017...

This week on After the Buzzer, host Bob Wallace steps up to bat with the St. Louis Cardinals' Director of Security, Phil Melcher.

In November 2024, Missouri voters passed Proposition A, which in part, requires private employers to provide one hour of paid sick leave for every 30 hours worked. This requirement takes effect May 1, 2025.

The version of the bill passed on Jan. 26 by the Missouri Senate does contain a carve-out for current agreements, and would not apply to any contract in place as of the statute's effective date.

On August 23, the National Labor Relations Board issued several decisions affecting unionization rights at private universities.

As part of the New York State Budget Bill, Governor Kathy Hochul and members of the Assembly and Senate agreed to amend New York Labor Law §198(1-a) to eliminate liquidated damages for first-time pay frequency claims.

As we approach Halloween, the California Legislature and Governor Jerry Brown have been busy on the employment front. The results of this activity are a "mixed bag" for California employers.

On July 24, 2019, the Chicago City Council joined a growing number of other municipalities and passed a sweeping new ordinance, dubbed the Fair Workweek Ordinance by its sponsors

The Environmental Protection Agency (EPA) has published notice of its proposed rulemaking on hydrofluorocarbon (HFC) allowance allocations for the five-year period from 2024-2028.

Next week, the U.S. House of Representatives will vote on H.R. 1595, the Secure and Fair Enforcement (SAFE) Banking Act.

Thompson Coburn represented a major electric motor company in connection with its successful purchase of a larger competitor for $1.8 billion in an auction transaction.