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Keith Paul Bishop

Keith Paul Bishop

Keith Bishop works with privately-held and publicly-traded companies on federal and state corporate and securities transactions, compliance, and governance matters. He is highly-regarded for his in-depth knowledge of the distinctive corporate and regulatory requirements faced by corporations in the state of California. While many law firms have a great deal of expertise in federal or Delaware corporate law, Keith’s specific focus on California corporate and securities law is uncommon. A former California state regulator of securities and financial institutions, Keith has decades of experience navigating the regulatory-intensive state’s rules. For companies with substantial operations in California but incorporated elsewhere, Keith is an exceptional resource. He is frequently called in to help with issues arising under California’s “blue sky” and lender laws. An avid writer, Keith’s blog,, covers a diverse collection of California corporate and securities law issues and has served as a valued resource for other attorneys, business executives, judges, and media, nationwide.

Recent Posts

Were The BRT Signatories Virtue Signaling Without Virtue?

Nearly a year ago, the Business Roundtable fomented interest in so-called "stakeholder capitalism" by issuing this statement.  The statement garnered 181 signatories who proclaimed "a fundamental commitment to all of our stakeholders". 

In a...

Corporate Governance

DBO Warns That It Will Be Monitoring Face Covering Compliance

"How many then should cover that stand bare!"

California's Department of Business Oversight announced that it "will be monitoring compliance with the face-covering guidance, which will remain in effect until further notice."  The DBO's announcement...

Department of Business Oversight

In This Case, A Wrongful Termination Does Not Render Repurchase Wrongful

Shareholders' agreements in closely held corporations frequently grant the corporation and/or the other shareholders the right to repurchase a shareholder's shares if the shareholder ceases to be an employee of the company.  What happens if an...

Corporate Governance, stock option

Why Is The CDPH So Tentative In Its Justification Of Face Coverings?

Although many experts from Dr. Fauci to the World Health Organization initially discouraged healthy people from wearing masks, it seemed to me that wearing a face covering should diminish the spread of infection of diseases that are communicated...

Public Records Act/FOIA

Today's Post: "Stakeholderism does not benefit stakeholders, shareholders, or society"

Harvard Law School Professor Lucian Bebchuk is an eminent scholar of corporate governance with whom I often disagree.  He, for example, favors SEC rules requiring public companies to disclose their political spending.  See Lucian Bebchuk & Robert...

Court Finds This Triptych Sufficient To Establish A Director's Breach Of Fiduciary Duty

Yesterday's post discussed one aspect of the Court of Appeal's holding in Coley v. Eskaton, 2020 Cal. App. LEXIS 629.  The case involved a homeowner's lawsuit against two directors of the homeowner's association and their employers.  Among other...

nonprofit corporations, nonprofit corporation law, Corporate Governance

Director Found To Have Breached His Fiduciary Duty By Sharing Corporation's Privileged Information With His Personal Attorney

A homeowner in a common interest development sued the homeowner association and two of its directors and the directors employers.  The directors were employed by two related companies engaged in the development and support of common interest...

nonprofit corporations, nonprofit corporation law, nonprofit mutual benefit, Corporate Governance

Court Rules Rights To Timeshare Vacation Points Are Not Securities

Both the Securities Act of 1933 and the California Corporate Securities Law of 1968 define the term "security" by providing long and varied lists of financial instruments and contractual relationships.  Neither law mentions timeshare vacation points

Corporate Securities Law

California's Corporation Code, You'll Find No Epidemics Or Pandemics There


Yesterday's post discussed the difference between an epidemic and a pandemic.  California's General Corporation law includes a detailed definition of an "emergency" that does not employ either term.  Cal. Corp. Code § 207(i)(5).  


General Corporation Law

Can A Pandemic Be Sufficient Cause To Declare A "State Of Emergency"?

On March 4, 2020, Governor Newsom proclaimed a "state of emergency" pursuant to California's Emergency Services Act.  His proclamation reflected his finding that "conditions of Government Code section 8558(b), relating to the declaration of a State...

emergency services act

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30172DBAB0084D3A8F39D7AF0A8E79BC.ashxKeith Paul Bishop
Partner at Allen Matkins
(949) 353-6328
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JD Supra Readers Choice Top Author 2020



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