California Corporate & Securities Law

Until President Abraham Lincoln proclaimed a national day of thanksgiving during the Civil War, thanksgiving holidays were a matter of state and local concern. California mentions Thanksgiving Day in 18 separate statutes, including those in the Code...

Beginning in January, "covered entities" will be prohibited from charging specified fees in connection with a commercial financing transaction with a "small business" or "small business" owner.  Cal. Stat. ch. 881 (SB 666). Although relatively brief,...

More than a decade ago, I remarked on the ahistoricity of California's adoption of English common law despite the fact that it had never been a colony of England.* Yesterday, the California Court of Appeal applied English common law to decide a...

According to this article by Carta, nearly 40.7% of all venture capital raised on its platform in the first quarter of this year went to companies headquartered in California. This sounds impressive, but it represents a precipitous decline from 2018...

Last week, I reported that Governor Newsom had signed SB 54 (Skinner) even while acknowledging in his signing message that it contained "problematic provisions". SB 54 requires "venture capital companies", as defined, to disclose specific...

Many law firms have been issuing alerts of late discussing the enactment of The Climate Corporate Data Accountability Act (SB 253). As enacted, this act will require, among other things, "reporting entities" to disclose Scope 1, 2 & 3 greenhouse gas...

This February post noted the introduction of SB 261 which aimed at imposing climate-related financial risk reporting. In the ensuing months, the bill was amended seven times and garnered numerous supporters and opponents. On Saturday, Governor...

Venture capital investment has been instrumental in the creation of numerous high tech businesses that have quite literally changed the world. There is no gainsaying the importance of venture capital firms to California. Therefore, one might expect...

The California legislature meets biennially. Cal. Const. Art. IV, § 3(a). Because this is an odd-numbered year, we are currently in the first year of the session. Thursday, September 14, 2023 will be the last day for each house to pass bills. (J.R....