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Thompson Hine LLP, a full-service business law firm with approximately 400 lawyers in 11 offices, was ranked number 1 in the category “Most innovative North American law firms: New working models” by The Financial Times and was 1 of 7 firms shortlisted for The American Lawyer’s inaugural Legal Services Innovation Award. The firm has been recognized by the National Law Journal as a Legal Technology Trailblazer and featured by Bloomberg for its innovative service delivery models, which drive accuracy and predictability. The firm’s commitment to innovation is embodied in Thompson Hine SmartPaTHTM – a smarter way to work – predictable, efficient and aligned with client goals. For more information, please visit ThompsonHine.com and ThompsonHine.com/SmartPaTH.

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Read Business Law Update to stay up to date on legal issues that impact public and private companies on a local, national and global basis. Articles in this issue include:

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Hallucinations and Integrations: Generative AI Challenges in M&amp;A

As with any fast-developing technology, there are risks with using Generative AI (“GenAI”) in the M&amp;A context. We offer a discussion of a few critical near-term challenges GenAI presents to M&amp;A practitioners as well as some protective considerations. <a href="https://www.thompsonhine.com/insights/hallucinations-and-integrations-generative-ai-challenges-in-ma/" target="_blank" rel="noreferrer noopener">Continue reading.</a>

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Avoiding Tripwires: A Practical Playbook for Delaware Director Removal

One of a director’s primary responsibilities is providing oversight of management and ensuring officers act in a manner consistent with their fiduciary duties. But what about when a fellow director fails to meet that same standard, or actively seeks to harm the same company they oversee? Generally speaking, stockholders alone hold the power to remove rogue directors. But that doesn’t mean the board has no options. <a href="https://www.thompsonhine.com/insights/avoiding-tripwires-a-practical-playbook-for-delaware-director-removal/" target="_blank" rel="noreferrer noopener">Read more.</a>

SBIC Program Rule Changes Usher in Modernization, Alignment, and a Faster Path to Licensing

In February, the U.S. Small Business Administration (SBA) finalized rules revising regulations for the Small Business Investment Company (SBIC) program. The amendments are best understood as modernizations and cleanups, which eliminate provisions tied to legacy SBIC structures, clarify how certain investments fit within the program’s eligibility framework, and streamline aspects of the licensing process. <a href="https://www.thompsonhine.com/insights/sbic-program-rule-changes-usher-in-modernization-alignment-and-a-faster-path-to-licensing/" target="_blank" rel="noreferrer noopener">Continue reading.</a>

Trump Accounts: Opportunities and Considerations for Employers, Financial Institutions, and Philanthropic Organizations

Enacted into law as part of the 2025 budget reconciliation act, Trump Accounts will provide a new private savings vehicle for the exclusive benefit of eligible minor children. While there are still several unanswered questions regarding the implementation and administration of Trump Accounts, they may offer opportunities for employers, financial institutions, and eligible tax-exempt organizations and governmental entities. <a href="https://www.thompsonhine.com/insights/trump-accounts-opportunities-and-considerations-for-employers-financial-institutions-and-philanthropic-organizations/" target="_blank" rel="noreferrer noopener">Read more.</a>

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This newsletter may be reproduced, in whole or in part, with the prior permission of Thompson Hine LLP and acknowledgement of its source and copyright. This publication is intended to inform clients about legal matters of current interest. It is not intended as legal advice. Readers should not act upon the information contained in it without professional counsel.

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Business Law Update – Spring 2026

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