Did you know that some companies with securities registered under Section 12(b) or 12(g) of the Securities Exchange Act of 1934 do not file their periodic reports and proxy materials on EDGAR? Section 12(i) of the Exchange Act vests the Federal...
California, unlike the federal government, has codified its prohibition on insider trading. Corporations Code Section 25402 provides:
"It is unlawful for an issuer or any person who is an officer, director or controlling person of an issuer or any...
The California Uniform Trade Secrets Act (CUTSA) provides various remedies for misappropriation of a trade secret (as defined). The legislature, however, was "vexingly oblique" in prescribing the effect of CUTSA on common law claims, such as...
The California Supreme Court has imposed a continuous ownership requirement for shareholder derivative suits under California Corporations Code Section 800. Grosset v. Wenaas, 42 Cal. 4th 1100 (2008). Thus, a shareholder must maintain continuous...
California's fictitious business name law is ostensibly intended to make available to the public the identities of persons doing business under the fictitious name. In general, the law requires a local filing of a fictitious business name statement...
Recently, I have written about Senator Ben Hueso's proposal to convert the California Infrastructure and Economic Development Bank (I-Bank) as a depository institution. As a depository bank, the I-Bank would hold and lend taxpayer dollars.
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In California, a corporation's fictitious business name is any name other than the corporate name stated in the articles of incorporation. Cal. Bus. & Prof. Code § 17900(b)(3). A corporation that regularly transacts business in California for...
Governor Gavin Newsom recently announced the appointment of Commissioner Jan Owen's successor at the Department of Business Oversight:
"Manuel Alvarez, 38, of Lafayette, has been appointed Commissioner of the California Department of Business...
This Thursday, I will be joining Michael Allen of the prominent Delaware law firm of Richards, Layton & Finger in providing a webinar on recent developments on California and Delaware corporate law. The webinar is sponsored by the Business Law...
A derivative claim is one brought by a shareholder on behalf of the corporation to recover for harm done to the corporation. Cohen v. Mirage Resorts, Inc., 62 P.3d 720, 732 (Nev. 2003). However, when a derivative action is initiated, the...
Keith Paul Bishop
