Section 17701.04(b) of the California Corporations Code provides:
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In 2009, the Securities and Exchange Commission sued Danny Pang and his two companies for allegedly defrauding investors of hundreds of millions of dollars by misrepresenting investments in the life insurance policies of senior citizens and in...
If you had a dispute in Medieval England, it would likely be heard in the court of the local baron. Some disputes, however, caught the interest of the monarch and would be heard in a royal court. In the twelfth century, King Henry II instituted...
A Delaware limited liability company might reasonably expect that Section 18-305 of Title 6 of the Delaware Code governs the inspection rights of its members. However, members of a foreign LLC, including an LLC organized under Delaware law, may have...
Section 141(d) of the Delaware General Corporation Law provides that the directors of any corporation may "be divided into 1, 2, or 3 classes". It's hard to make sense of this statement. First, I don't believe that Delaware legislature meant to...
This weekend, I plan to see The Antigone Project, an adaptation of Sophocles' fifth century B.C.E. play, Antigone. The play is about Antigone who is the daughter and sister of Oedipus (a man, according to Tom Lehrer, with an "odd complex") and his...
Foreign issuers whose securities are not listed on either the NASDAQ or New York stock exchange may overlook the need to comply with California's Corporate Securities Law of 1968 when making equity plan awards to their California employees. Without...
Recently, I happened upon across an odd case arising currently pending in the Southern District of Texas, Aztec Oil & Gas, Inc. v. Fisher, Case No. Civ. No. A. H-15-0866 (Jan. 21, 2016). The ruling issued by Judge Melinda Harmon last month recounts...
Vice Chancellor J. Travis Laster's ruling in Amalgamated Bank v. Yahoo!, Inc., C.A. No. 10774-VCL (Del. Ch. Feb. 2, 2016) should sound a tocsin to directors that their "private" emails may not be so private. The ruling addressed Amalgamated Bank's...
