Last week, the Securities and Exchange Commission issued a press release announcing its decision to award $20 million "to a whistleblower who promptly came forward with valuable information that enabled the SEC to move quickly and initiate an...
Keith Paul Bishop
Recent Posts
Some readers may have skipped this week's posts discussing director liability under California Corporations Code Section 316 on the theory that the statute applies only to directors of corporations incorporated under the General Corporation Law....
Never fear? Smith Is No Longer Here
Section 316(a) of the California Corporations Code imposes joint and several liability on directors who approve any of the following actions:
Readers will know that I have been a frequent critic of California's Revised Uniform Limited Liability Company Act, Cal. Corp. Code § 17701.01 et seq. In many cases, it is simply hard to believe that the legislature really intended what it enacted. ...
A year ago, I addressed the effective date of California legislative bills in this post. In California, the people can also exercise legislative power through two different mechanisms - the initiative and the referendum. In fact, the California...
Not quite a year ago, I wrote:
Many are speculating on the future of federal securities regulation as a result of the election of Donald J. Trump and the concomitant Republican control of both houses of Congress. Broc Romanek, for example, asks whether Michael S. Piwowar will...
On Wednesday, June 16, 1858, delegates of the Republican State Convention of Illinois gathered in Representatives' Hall in Springfield. At about 5:00 p.m., delegate Charles L. Wilson submitted the following resolution: