Thanks to Kevin LaCroix's The D&O Diary, I was alerted to a recent article by Boris Feldman, a member of Wilson Sonsini Goodrich & Rosati, P.C., in Palo Alto, California discussing developments in class action and other shareholder litigation. Among...
Recent Posts
I frequently come across corporations with the wrong number of authorized directors. California, unlike other states, has some very precise rules and these frequently seem to be missed.
The California Corporate Securities Law of 1968 forbids the offer and sale in this state of any security in an issuer transaction unless the sale has been qualified or the security or transaction is exempt or not subject to qualification. Cal. Corp....
The fallout from the U.S. Supreme Court's decision in Citizens United v. Federal Election Com'n, 130 S. Ct. 876 (2010) continues. Earlier this week, California State Senator Noreen Evans introduced a bill, SB 982, to require corporations to issue a...
What's So Different About Section 800?
The California Corporations Code carefully defines the the terms "corporation" (Section 162), "domestic corporation" (Section 167), "foreign corporation" (Section 171); and "foreign association" (Section 170). For example, when the legislature...
The Stop Online Piracy Act (SOPA), H.R. 3261, has been attracting a lot of attention lately. However, here in California, we've been living under the SOPA for better than half a century.
Last November, I joined Professor Stephen Bainbridge (UCLA Law School) and James Copland (Director, Center for Legal Policy at the Manhattan Institute) in submitting this comment letter opposing ISS' proposal to change its case-by-case approach to...
The American Bar Association's Committee on State Regulation of Securities publishes The Blue Sky Bugle, a newsletter for lawyers who deal with the state regulation of securities. In a column for the December issue, Alan Parness of Cadwalader,...
.png?width=100&height=100&name=corporate_law_blogs%20(1).png)