Consider a board with a total of five authorized members but with only three members in office. The board is facing a various contentious decision on whether to engage in a transaction. Two of the board members favor approval and one opposes. All...
Recent Posts
In 1996, the California legislature enacted SB 261 (Beverly) which established an exemption, Corporations Code Section 25102(o), for the offer or sale of securities by a corporation pursuant to an option plan or agreement provided that specified...
Last June, reporters Charles Piller and Robert Lewis wrote this story about "hard-money" lending abuses in Nevada County. One might expect that they were writing about high interest rates and harsh loan terms. It turns out that the victims in the...
Last month the Securities and Exchange Commission announced the formation of a new Investor Advisory Committee. Section 911 of the Dodd-Frank Act created the committee to advise the SEC on:
Do deadlines really matter? The answer is - "it depends".
In 2005, the birdwatching world was stunned by the announcement of the re-discovery of the Ivory-Billed Woodpecker, a magnificent member of the Picidae family thought to have become extinct more than a half century ago. At the Office of...
In 2002, the Legislature enacted AB 55 creating the victims of corporate fraud fund. Since the fund was created, it has collected about $15 million and nearly 800 claims have been submitted. In a devastating article published last fall by the ...
I've been writing recently about the Milton-Marks “Little Hoover” Commission on California State Government Organization and the Economy which has an important task in reviewing Governor Jerry Brown's proposed reorganization plan.
