California Corporate & Securities Law

In May 2010, then Attorney General Jerry Brown announced that he had filed this complaint against former California Public Employees Retirement System (CalPERS) Board Member Alfred Villalobos, his company ARVCO Capital, and former CalPERS Chief...

Last week, the Wall Street Journal published an article stating:

Each quarter, the Nevada Secretary of State releases a quarterly business report.  The report includes, among other things, data concerning the number of new entity filings with that office.  The report for the first quarter of 2012 discloses that the...

When directors vote to remove a fellow director, are they exercising their free speech rights? This may seem to be a question that is reserved for courses in legal theory. In California, however, answering the question can determine whether a...

The Governor's Reorganization Plan would demote the Department of Corporations and the Department of Financial Institutions to the status of divisions within the new Department of Business Oversight. The new DBO would report to a new Business and...

The Jumpstart Our Business Startups Act (JOBS Act) is a very modest 9,000+ words. In comparison, the Dodd-Frank Act is a hefty 360,000+ words. Thus, I find the number of technical errors in the JOBS Act to be surprising. One such error is likely to...

The Little Hoover Commission will be considering the Governor's Reorganization Plan at hearings next week in Sacramento.  I'm on the agenda to testify. The Governor is proposing a major reorganization of state consumer and business regulatory...

Since the passage of the National Currency Act during Civil War, banks have had a choice. They could choose a national charter or state charter. I've long been a proponent of the dual charter system because I believe that it introduces regulatory...