Last week's news was filled with reports that Special Counsel Robert Mueller had impaneled a grand jury (The Wall Street Journal). Or did Mr. Meuller empanel a grand jury (The Washington Post). Aside from the political and legal issues, these...
Keith Paul Bishop
Recent Posts
In an opinion issued yesterday, the Nevada Supreme Court addressed the extent to which a member of a limited liability company is protected in a negligence based tort action against the LLC. Gardner v. Henderson Water Park, LLC, 133 Nev. Adv. Op. 54...
For years, I've been critical of governance experts who promote "best practices" without any basis that these practices are actually effective, much less the best. For example, the Harvard Law School's Shareholder Rights Project undertook to push...
Derivative actions can be somewhat confusing. Although the entity is essentially the plaintiff, it is named as a defendant. Initially, one might question why must the corporation be named as a party? I can think of at least two reasons. First, the...
John Jenkins recently took note of this letter from the SEC's Office of Investor Advocate commenting on a proposal by the Financial Accounting Standards Board to amend the definition of "materiality" in Concepts Statement No. 8, Conceptual Framework...
Last Friday, I wrote about one of the docketed appeals in Wynn Resorts, Limited v. Eight Jud. Dist. Ct., 41 Nev. Adv. Op. 52 (2017). Today's post concerns the other docketed appeal in that case. This appeal addressed whether disclosure of an...
Nevada, like California, has codified the attorney-client privilege:
The title of yesterday's post may have been a bit recondite for some readers as I never directly mentioned negotiating permits in the post. Therefore, today's post will back up a bit and fill in some of the missing pieces.
It is sometimes forgotten that the California Corporate Securities Law of 1968 makes it unlawful to either offer or sell a security in California in an issuer transaction unless that the sale has been qualified or exempt from or not subject to...