On September 3, 2026, the Department of the Treasury (“Treasury”) and the Internal Revenue Service (“IRS”) issued proposed regulations (“Proposed Regulations”) that provide that a “private school” is not described as an educational organization exempt from federal income tax under section
Thompson Coburn
Thompson Coburn LLP is a law firm with multiple offices across the United States and a global reach. It provides legal services in over 50 areas of corporate law and litigation. The firm publishes blogs and insights covering a wide range of legal topics including higher education law, labor and employment, intellectual property, trade and compliance, and government policy updates. Its content often addresses recent legislative developments, regulatory changes, and significant court rulings relevant to its practice areas. Thompson Coburn also shares information on transactional tools, litigation strategies, and compliance requirements, serving clients and legal professionals seeking current legal analysis and practical guidance.
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Michael Rosenblum, Jake Schwartz Examine Bankruptcy Landscape for Cannabis Businesses
In a recent Law360 article, Thompson Coburn partners Michael Rosenblum and Jake Schwartz examined the evolving question of whether cannabis-related businesses can access bankruptcy protection. While cannabis’s status as a Schedule I controlled substance under the Controlled Substances Act has…
87. September 15, 2026 | Administration Implements Additional Section 338 Tariffs on Canada
TRADE ALERT – IMPORTSHEADLINE Administration Implements Additional Section 338 Tariffs on CanadaDATESeptember 15, 2026AGENCYDepartment of Commerce; Department of Treasury; Department of Homeland Security; U.S. Trade Representative; Customs and Border Protection; Trump AdministrationEFFECTIVE DATESeptember 15, 2026 at 12:01 a.m. Eastern time; September…
86. September 9, 2026 | Canada Implements Counter Tariffs in Response to Section 338 Tariffs
TRADE ALERT – IMPORTSHEADLINE Canada Implements Counter Tariffs in Response to Section 338 TariffsDATESeptember 9, 2026AGENCYDepartment of Finance CanadaEFFECTIVE DATESeptember 8, 2026, 12:01 a.m.BACKGROUNDOn July 20, 2026, President Trump issued three Proclamations under Section 338 to impose an additional 50% tariff…
The Changing Landscape of Shareholder Proposals, Part 2: Shareholder Proposals at the State Level
In this two-part series, we explore recent developments in shareholder proposals and the potential future of such proposals. In Part 1, we explored recent developments in the SEC’s approach to such proposals. In Part 2, we explore how the…
NY Enacts Expansive Law Mandating Employee Access to Personnel Records
On September 9, 2026, New York Governor Kathy Hochul signed into law Senate bill S3460, which amends the New York Labor Law to add §210-b and gives current and former employees the right to access their own personnel records…
The Changing Landscape of Shareholder Proposals, Part 1: Rule 14a-8 at the Federal Level
In this two-part series, we explore recent developments in shareholder proposals and the potential future of such proposals. In Part 1, we explore recent developments in the SEC’s approach to such proposals. In the forthcoming Part 2, we will explore…
Lawyers Who Compare Litigation to Chess: You’re Playing the Wrong Game
First, two truths:
How do we know this?
Because lawyers love to compare litigation to chess.
And because, in the recorded history of all of humankind, no chess master has ever compared…
Joseph Orbach on LIV Golf’s Bankruptcy Strategy and Long-Term Viability
In a recent Bloomberg Law article, Thompson Coburn partner Joseph Orbach discussed LIV Golf’s proposed bankruptcy restructuring and its LIV 2.0 plan. Court records show players would receive a 52.5% common equity stake in the reorganized holding company and an…
Your Personal NIL Playbook: What No One Tells You Before You Sign
With over 28,000 student athletes registering over 6,000 deals generating in excess of $35 million, Name, Image, and Likeness deals are producing enormous interest. But eligibility rights, the transfer portal, evolving NCAA governance, and new state and federal regulations have…