Governor Proposes Further DFPI Growth While Cutting DFPI Administered Grants To Nonprofits

Article IV, Section 12(a) of the California Constitution requires the Governor within the first 10 days of the year to  submit to the Legislature, with an explanatory message, a budget for the ensuing fiscal year.  Last Tuesday, Governor Gavin...

SEC Suit Against Covington & Burling Threatens More Than Attorney-Client Privileged Information

Yesterday, I wrote about the Securities and Exchange Commission's attempt to force the prominent law firm of Covington & Burling LLP to "name names".  In some discussions about the case, some have assumed that the concern is about information...

SEC Demands That Covington & Burling "Name Names"

Earlier this week, the United States Securities and Exchange Commission filed a complaint against one of the country's leading law firms - Covington & Burling LLP.  According to the complaint, "threat actors" associated with the Microsoft Hafnium...

California Supreme Court Denies Review Of Default Interest Decision

California Civil Code Section 1671 provides that a liquidated damages provision is either presumptively valid or invalid depending upon the subject matter of the contract.  If the contract involves “the retail purchase, or rental . . . of personal...

DFPI Issues Numerous Detailed Warnings Of Possible Cryptocurrency Broker Frauds

Shortly after Christmas, the California Department of Financial Protection & Innovation began issuing consumer alerts with respect to possible cryptocurrency broker frauds.  These alerts generally involved alleged "Advance Fee", "Social Media"...

Judge Slaughter Refuses To Enjoin Physician Gag Statute

Last year, the California legislature enacted statutory changes ostensibly to limit the spread of misinformation and disinformation about COVID-19 by licensed physicians.  2022 Cal. Stats. ch. 938 (AB 2098), See California Legislates Covid-19...

Judge Orrick Rules A Decentralized Autonomous Organization May Be Sued As An Unincorporated Association
Gertrude Stein is famously quoted as having written, "There is no there there".  Although Ms. Stein intended a different meaning to the expression, the same statement might be used to describe a "decentralized autonomous organization" or DAO. ...
Has The Legislature Forgotten Citizens United And The First Amendment?

More than a decade ago, the United States Supreme Court held that government restrictions on independent political expenditures by corporations and labor unions violated the First Amendment to the U.S. Constitution.   Citizens United v. Fed....

California Bill Would Require CEOs to Disavow "Foreign Influence"

Yesterday's post discussed a recently introduced bill that would amend California's Political Reform Act of 1974, among other things, to prohibit contributions by a "foreign-influenced business entity", as defined, in connection with a state or...