California Corporate & Securities Law

Last year, California Governor Gavin Newsom signed AB 979 (2020 Cal. Stats. ch. 316) into law. Consequently, no later than the end of this year, "publicly held corporations" with their principal executive offices in California are required to have a...

This is a case of three companies. Two of these companies, Axene and Dynamic Vision, have their principal places of business, and were incorporated, in California. The third company, Healthstar, was organized in and has its principal place of...

"Disguised cheaters, prating mountebanks,And many such-like liberties of sin:"

The telephone and Internet have replaced a bench or soapbox as the modern tools of cozenage.   Last week, the California Department of Real Estate issued this alert about a...

Last Friday, The Wall Street Journal published an alarming Op-Ed piece concerning a California Bill, AB 2088, that would impose a wealth tax on any person who spends more than 60 days inside the state’s borders in a single year. The idea of a...

Last Friday, this space addressed itself to Vice Chancellor J. Travis Laster's ruling in Stream TV Networks v. SeeCubic,C.A. No. 2020-0310-JTL (Dec. 8, 2020). He concluded that stockholder approval was not required when an insolvent corporation...

John Jenkins at DealLawyers.com took note yesterday of an interesting ruling by Vice Chancellor J. Travis Laster in Stream TV Networks v. SeeCubic, C.A. No. 2020-0310-JTL (Dec. 8, 2020). On issue in the case was whether Section 271 of the Delaware...

Yesterday, the Securities and Exchange Commission adopted final rules for the disclosure of payments by "resource extraction issuers".  These rules implement Section 13(q) of the Securities Exchange Act of 1934. Section 13(q) was added by the...

"Gather ye Rose-buds while ye may"

The Nasdaq Stock Market LLC made headlines earlier this month by proposing amendments to its listing rules with a goal of promoting board of directors diversity. If approved by the Securities and Exchange Commission, Nasdaq will, among other things,...