Much has been written of late about the enforceability of exclusive forum bylaws. What happens when the forum isn't a court, but an arbitration? Does it make any difference if the arbitration bylaw is adopted after a dispute has arisen? The Fourth...
Recent Posts
Since 2004, the California Attorney General has been required to maintain a whistleblower hotline to receive calls from persons who have information regarding possible violations of state or federal statutes, rules, or regulations, or violations of...
In the waning days of the 2001-2002 legislative session, then Assemblymember Kevin Shelley gutted and amended AB 55. As introduced, AB 55 would have amended the Elections Code. Instead, AB 55 became the vehicle for the enactment of the deeply flawed...
Last week, the Commissioner of Business Oversight issued an invitation for comment on whether to exempt real estate brokers from the investment adviser certification requirement under the Corporate Securities Law of 1968. The exemption would require...
As I've mentioned, this year marks the 800th anniversary of the sealing of the Magna Carta by King John at Runnymede. I previously posted the introduction and my translation of the original Latin of the 1215 version. Today, I continue with the...
The California Revised Uniform Limited Liability Company Act explicitly bans a number of different words from being included in LLC names:
Yesterday, Broc Romanek posted on SEC Chair Mary Jo White's Friday surprise with respect the no-action letter request submitted by Whole Foods Market, Inc. Readers may recall that in December Whole Foods had obtained the staff's concurrence in...
In a recently filed Form 8-K, an international money transmitter, Xoom Corporation, reported that been the victim of a criminal fraud. This was no small heist. According to company, over $30 million had been transferred to overseas bank accounts:
