California Corporate & Securities Law

NantKwest, Inc. is a Delaware corporation with its principal executive offices located in San Diego, California.  Last month, NantKwest filed this Form 8-K reporting that it had amended and restated its bylaws "to implement the requirements of SB 826...

California's Revised Uniform Limited Liability Company Act includes two separate provisions validating notes, mortgages, evidences of indebtedness, contracts, certificates, statements, conveyances or other written instruments against any lack of...

In Sciabacucchi v. Salzberg, 2018 Del. Ch. LEXIS 578, Vice Chancellor J. Travis Laster ruled that a Delaware corporation’s certificate of incorporation and bylaws cannot restrict the forum in which stockholders may bring a federal claim. The...

The California Corporate Securities Law of 1968, like the federal Securities Act of 1933 and Securities Exchange Act of 1934, define "security" by providing a list. Because limited liability companies did not exist when these laws were enacted, none...

California Business & Professions Code Section 16600 declares void "every contract by which anyone is restrained from engaging in a lawful profession, trade, or business of any kind". The California Supreme Court famously held that non-compete...

The California Administrative Procedure Act provides that an agency's decision in an adjudicative proceeding "may not be expressly relied on as precedent unless it is designated as a precedent decision by the agency". Cal. Govt. Code § 11425.60(a)....

California Corporations Code Section 17702.07(c) provides that an individual who signs a record authorized or required to be filed under the California Revised Uniform Limited Liability Company Act "affirms under penalty of perjury that the...

Alternative dispute resolution is a popular alternative to civil litigation which is often slow and costly.  Alternative dispute resolution, however, is not new.  Homer, for example, mentions arbitration in The Iliad.  See Achilles' Shield And Judicial...

California's new board gender quota law places great weight on the location of a corporation's principal executive offices. The law applies to a publicly held foreign corporation when its principal executive offices, according to its Form 10-K, are...