California Corporate & Securities Law

I have previously written about California Assembly Member Lorena Gonzalez's bill, AB 3075, that would would make successor employers liable for their predecessors' unpaid wage judgments. Last week, Assembly Member Gonzalez amended the bill to...

Here in California, the writ of mandamus may be referred to as a “writ of mandate”. Cal. Code Civ. Proc. § 1084. In general, California recognizes two types of mandate proceedings – “ordinary mandate” and “administrative mandate”. Both types of...

Nine years ago, I wrote about business identity theft.  The problem has not gone away.  Earlier this week, California's Department of Business Oversight issued a warning about company that is impersonating itself as a licensed lender in order to...

Terminus was the Roman deity in charge of boundaries.  At the end of the old year, Romans would celebrate the festival of Terminalia in his honor.  The English word "terminate" is derived from this ancient god's name.  

Michael Corleone's greatest fear was that he would never be able to escape his life as a mafioso ("Just when I thought I was out, they pull me back in!"). California's greatest fear is that it will not be able to dictate corporate governance...

The California Secretary of State's office recently announced the activation ofa new Uniform Commercial Code Online web portal.  The new portal allows users to "conduct free searches, access free copies, file notices of lien documents, and more".  

In August 2019, I never would have imagined that a banking regulator would be required customers to wear masks. In today's changed world, banking regulators are doing just that. The California Department of Business Oversight in its August monthly...

In 2018, California enacted legislation, SB 826 (Jackson), mandating that publicly held corporations with their principal executive offices in California have a minimum number of female directors.  See California Enacts Novel Female Board Quota...

Yesterday, I pointed out that California Corporations Code Section 315(g) creates a seemingly insurmountable hurdle to obtaining shareholder approval of a loan to an officer or director when that officer or director owns more than 50% of the...