California Corporate & Securities Law

Section 25018 of the California Corporations Code provides a definition of several of the better known federal securities laws:

Ten years ago, there was concern about so-called "expatriate corporations". These were corporations that incorporated in foreign jurisdictions to minimize their tax liability. In reaction to this phenomenon, the legislature added The California...

Lately, I've been reading Theodore C. Bestor's, Tsukiji: The Fish Market at the Center of the World.  Thus, it is no surprise that my thoughts of late have been on piscatorial matters.

If you are in the business of making loans in California, there's a good chance that you need a license. Some lenders are licensed under the Real Estate Law while others are licensed under laws governing banks, credit unions or residential mortgage...

In 1999, the legislature enacted SB 105 (Burton) which obligates CalPERS and CalSTRS to support, whenever feasible, shareholder resolutions at domestic and international corporations in which those funds have invested that are designed to encourage,...

Corporations Code Section 25234 generally prohibits an investment adviser registered in California to be compensated on the basis of a share of capital gains. This prohibition is analogous to the prohibition found in Section 205(a)(1) of the...

All fees, reimbursements, assessments, and other money or amounts charged and collected by the Department are required to be deposited into the the State Corporations Fund. Cal. Gov't Code § 13978.6(b). The legislature created the fund to...

Much of the focus of securities litigation is on the liability of sellers, but what about buyers?  Can buyers prevaricate with impunity?

The last agenda item for Monday's meeting of the Investment Committee of the Public Employees' Retirement System was an ongoing "Discussion of Investment Beliefs". No, this wasn't a theological discussion. For the last two years, the CalPERS...