Did The FBI Violate The Securities Laws By Directing The Creation Of A Crypto Asset That Was Offered And Sold To The Public?

Professor Ann Lipton recently wrote about an ingenious scheme developed by the Federal Bureau of Investigation that has resulted in indictments of 18 individuals and entities for alleged fraud and manipulation in the crypto currency markets....

Yet Another Corporation Proposes Move From Delaware To Nevada

Regular readers of this blog will know that Nevada corporate law has been a long-time interest for me. That interest began several decades ago when I wrote the first treatise on Nevada corporate law. That treatise was published by Prentice Hall in...

Stockholders Fail To Approve Proposal To Reincorporate Nevada Corporation In Delaware

Although much attention of late has been devoted to proposals to reincorporate in Nevada from Delaware, not every corporation is swimming in the same direction.  Last May, Kintara Therapeutics, Inc., a Nevada corporation, filed a registration...

Two Commissioners Blow The Whistle On Award Program's Lack Of Transparency

About eight years ago, I propounded the following five theses regarding the Securities and Exchange Commission's whistleblower bounty program:  

Corporation Proposes Fixes To Defective Amendments Increasing The Authorized Number Of Shares And Changing Name

In 2020, GlobalTech Corporation, a Nevada corporation, filed an amendment to its articles of incorporation increasing its authorized number of shares of common stock from 10 million to 500 million. The amendment was approved by 2/3 of GlobalTech's...

California Legislators Exempt Themselves From New Disclosure Mandate

Yesterday, I took note of a new law that requires active members of the California State Bar to disclose annually whether they have provided pro bono legal services and certain other information through the licensee’s My State Bar online profile on...

Governor Signs Bill Mandating Pro Bono Disclosures By Lawyers

California Governor Gavin Newsom recently signed AB 2505 (Gabriel).  Consequently, active members of the California Bar will be required, with certain exceptions, to report annually whether they have provided pro bono legal services and certain other...

New California Law Proscribes Using "Purchase" When A "Seller" Makes An Offer To A "Purchaser"

Last week, Governor Gavin Newsom signed AB 2426 into law.  The bill declares it unlawful for "a seller of a digital good to advertise or offer for sale a digital good to a purchaser with the terms 'buy,' 'purchase,' or any other term which a...

Can AI Act With Scienter?

The legal implications of artificial intelligence, or AI, are vast.  Many, no doubt, have read stories about lawyers being embarrassed by briefs drafted with AI.  See, e.g., Lawyer Used ChatGPT In Court—And Cited Fake Cases. A Judge Is Considering...

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