The news keeps getting worse for the nation's largest public pension fund - the California Public Employees Retirement System. On Saturday, Los Angeles Times reporter Marc Lifsher reported in this story that CalPERS has adopted a policy of...
Recent Posts
Yesterday, the Securities and Exchange Commission issued this announcement regarding its settlement with two advertising executives who launched a campaign to buy a beer company through a solicitation of investors on Facebook and Twitter without...
Last December, I wrote this post about Corporations Code § 25501.5 that asked "What do it mean?". In general, the statute authorizes an action for rescission (or damages, if the security is no longer owned) by any person “who purchases a security...
People make mistakes. Some mistakes, such as dialing a wrong number, can be fixed with no lasting damage. Other mistakes, such as Fred Merkle's base running error in 1908, can never be undone.
In the late 1960's, New York television station WNYW began its 10:00 p.m. news broadcast with ""It's 10:00 p.m. ... Do you know where your children are?"
Earlier this week, the California Court of Appeal issued an opinion in a case that should be interesting reading for anyone dealing with promissory notes. In Creative Ventures, LLC v. Jim Ward & Associates, the court reached the following...
In 1981, the Securities and Exchange Commission proposed the adoption of a new form in connection with the adoption of Regulation D. Release No. 33-6339 (Aug. 7, 1981) [46 FR 41791]. The following year the SEC adopted both Regulation D and the new...
Recently, I came across this blog posting by Professor Larry Ribstein at the University of Illinois College of Law that discusses the role of Nevada in the market for corporate charters. He discusses this this article in Boardmember.com and a more...
