Article IV, Section 12(a) of the California Constitution requires the Governor to submit to the legislature a proposed budget for the ensuing fiscal year within the first ten days of the calendar year. Governor Jerry Brown met this deadline by...
Recent Posts
Overstock.com, Inc. filed a lawsuit in the San Francisco Superior Court alleging that various investment firms had caused the price of its shares to decline by manipulating the securities markets. Earlier this week, Judge John E. Munter granted...
The California Senate Banking and Finance and the Assembly Business, Professions and Economic Development committees have scheduled a joint informational hearing on hard money lending for January 18, 2012. According to the proposed agenda,...
Formerly, Nevada permitted members of boards of directors and board committees to participate in meetings by means of a telephone conference or similar methods of communication. Stockholders were likewise permitted to participate in stockholder...
Recently, Marc Lifsher wrote this story for the Los Angeles Times regarding California's new "Benefit Corporation Law". He reports that "Chief executives, led by Yvon Chouinard, the founder of Patagonia, a 56-year-old seller of outdoor apparel and...
While I haven't taken a formal poll, I'm sure that many California corporate attorneys have had the unfortunate experience of having a filing "bounced" by the California Secretary of State's office. Rejections are most often due to some technical...
Voters - The "Fourth Branch" of Government
Last February, I wrote about the California Transparency in Supply Chains Act of 2010. The law has now taken effect and I'm now seeing many companies making the disclosures required by the Act. For example, PVH Corp., which describes itself as "one...
California's first Commissioner of Corporations, Herschel L. Carnahan, took office in 1914, the same year that the office of the Commissioner of Corporations ceased to exist. This seeming contradiction is explained by the fact that the office...
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