California Corporate & Securities Law

The same year that the Great War ended, the voters of California approved an initiative measure governing allowable interest rates. This initiative remains uncodified but West Publisher designates these statutes as Civil Code Sections 1916-1 to...

Earlier this week, Kevin M. LaCroix wrote about a lawsuit filed recently against The We Companies, commonly referred to as WeWork.  The company attracted a lot of press attention when in September it withdrew the registration statement for its...

Section 1608 of the California Civil Code has been on the books since 1872.  It provides:

In August, I reported on the filing of a taxpayer challenge to California's Board Gender Quota Law. California's Secretary of State, Alex Padilla, was named as the defendant in his official capacity. The plaintiffs allege that the law (SB 826)...

Three researchers (two at Clemson and one the University of Arizona) recently announced the results of their study of the impact of California's board gender quota law (SB 826) on publicly traded [sic] firms headquartered in California. They found...

Consider the following provision of in a contract between a general contractor and a subcontractor:

As noted yesterday, the Securities and Exchange Commission has proposed to amend Rule 14a-8 to modernize "the process for shareholder proposals to be included in a company’s proxy statement". Among other things, the SEC is proposing to amend the...

Yesterday, the Securities and Exchange Commission proposed amendments to Rule 14a-8, which requires companies subject to the federal proxy rules to include shareholder proposals in their proxy statements, subject to certain procedural and...

Late last month, Governor Gavin Newsom declared a statewide emergency due to the effects of unprecedented high-wind events which have resulted in fires and evacuations across California. The Governor's declaration has implications for California...