Salary Threshold Rule Overturned

On May 28, 2026, the Supreme Court issued its latest ruling broadening the transportation worker exemption to the Federal Arbitration Act (FAA). In a unanimous decision, the Supreme Court ruled that a transportation worker does not need to cross state lines, or interact with a vehicle that does, to be exempt from the FAA’s coverage. 

Michael Best is pleased to announce that Steve Flores has joined the firm’s Chicago office as an executive compensation partner in the Labor & Employment practice in the Employee Benefits and Executive Compensation group.

On May 19, 2026, the Securities and Exchange Commission announced two separate proposals that would expand the availability of short-form registered offerings (including shelf and “at-the-market” registrations) and simplify the filer status framework for reporting companies, among other changes.