Recently, I happened upon across an odd case arising currently pending in the Southern District of Texas, Aztec Oil & Gas, Inc. v. Fisher, Case No. Civ. No. A. H-15-0866 (Jan. 21, 2016). The ruling issued by Judge Melinda Harmon last month recounts...
Vice Chancellor J. Travis Laster's ruling in Amalgamated Bank v. Yahoo!, Inc., C.A. No. 10774-VCL (Del. Ch. Feb. 2, 2016) should sound a tocsin to directors that their "private" emails may not be so private. The ruling addressed Amalgamated Bank's...
In a recent blog post, Delaware lawyer Francis Pileggi discusses a recent ruling by Vice Chancellor J. Travis Laster ordering Yahoo! Inc. to produce personal emails of directors and electronically stored information in response to a stockholder...
Earlier this week, the California Secretary of State released his list of "generally recognized presidential candidates". These are the individual whose names will appear on California's June 2016 primary ballot. The Secretary of State listed 43...
Late last month, California's Insurance Commissioner announced that he had "asked all insurance companies doing business in California to voluntarily divest from their investments in thermal coal". Thermal coal, also known as steam coal, is coal...
California’s 1879 Constitution enshrined cumulative voting as a constitutional right. Cal. Const. of 1879, Art. XII, § 12 (repealed). The 1931 California General Corporation Law continued mandatory cumulative voting. When the current California...
Mediation is often viewed as less costly alternative to litigation. Therefore, it is not unusual for parties to include a mediation provision in their contracts, such as the following:
Section 2110 of the California Corporations Code governs service of process on a foreign corporation. One means of valid service under the statute is by delivering process by hand to the corporation's general manager in California. The California...
There are three paths to dissolution under California's Revised Uniform Limited Liability Company Act (RULLCA). First, an event of dissolution set forth in a written operating agreement or the articles of organization may occur. Cal. Corp. Code §...