Section 1601 of the California Corporations Code grants any shareholder the right to inspect the accounting books, records, and minutes of board and shareholder meetings for a purpose reasonably related to the shareholder's interest as a...
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As the trial of of the constitutionality of SB 826, California's female director quota, law continues, the question of the plaintiffs' standing remains in contention. As I reported in June of last year, Judge Maureen Duffy-Lewis previously overruled...
California's female director quota law was on trial last week. According to Brian Melley, a reporter for the Associated Press, a witness from the Secretary of State's office testified "It’s required but there’s no penalty, so it’s essentially...
A California Court of Appeal opinion published yesterday highlights the importance of understanding how and when a contract is formed. The case from an attorney's letter to an insurance offering to settle his client's claim for bodily injuries in...
Many legal words include silent letters. For example, what possible reason could there be for including a "c" in the word "indict" or a "b" in the word "doubt"? The inclusion of these seemingly useless letters is neither arbitrary nor capricious....
SB 826 is scheduled to go on trial today before Los Angeles Superior Court Judge Maureen Duffy-Lewis. Crest v. Weber, Cal. Super. Ct. Case No. 19STCV27561. SB 826 requires all publicly held corporations headquartered in California to have at least...
It should be a surprise to no one that California's laws imposing strict gender and diversity requirements on publicly held corporations continue to attract legal challenges. Tomorrow, a trial is scheduled to begin in California Superior Court on...
California pressures corporations to pay their taxes by suspending their corporate powers, rights and privileges when they fail to do so. Cal. Rev. & Tax Code § 23301. Consequently a suspended corporation may not litigate. Welco Constr., Inc. v....
As has been discussed many times in this space, the California General Corporation law purports to govern foreign corporations in a number of respects. One such provision is Section 208 of the Corporations Code which apples to:
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