California Corporate & Securities Law

The California Attorney General is the state's "chief legal officer". Cal. Const. Art. V, § 13. One of the Attorney General's statutory duties is to provide written legal opinions. Cal. Gov't Code § 12519. Not everyone, however, is entitled to the...

Jesse Unruh was born to an impoverished immigrant couple and rose to become a legendary figure in Sacramento politics. He is credited with the oft-heard aphorism "Money is the mother's milk of politics". In 1959, Unruh authored a bill that enacted...

Last Friday's post discussed the possibility of avoiding potential liability under Section 11 of the Securities Act by relying on the Section 3(a)(10) exemption from registration. Eliminating Section 11 liability does not eliminate liability under...

John Jenkins at DealLawyers.com recently wrote about Section 11 claims being filed in state court by purchasers in stock-for-stock mergers. Section 11 of the Securities Act of 1933 authorizes a cause of action against specified persons "in case any...

Upon hearing that a "voting shift" has occurred, one might infer that there has been some change in the historical voting patterns.  The California General Corporation Law, however, defines the term very differently:

Veterans Day falls on November 11 of each year because the First World War famously ended at the 11th hour of the 11th day of the 11th month. California public offices, however, were closed yesterday on November 12. Why? The answer can be found in...

In October 2016, I wrote about a newly enacted statute, Labor Code Section 925.  That statute prohibits an employer from requiring an employee who primarily resides and works in California, as a condition of employment, to agree to a provision that...

The parties to an agreement agree upon a change to the terms. Should the change be labeled an "amendment" or a "new agreement". Often this will simply be a question of nomenclature. Sometimes, however, more the difference between an amendment and a...