California Corporate & Securities Law

Judge Alex Kozinski succinctly frames the debt versus equity battle in this opinion issued yesterday:

As mentioned yesterday, Corporation Finance (often referred to as "Corp Fin") recently issued a Compliance & Disclosure Interpretation with respect to the disclosure delivery requirements under Rule 701(e). I find myself befuddled by the following...

Yesterday, Broc Romanek reported that Corp Fin has published a new C&DI addressing the permissibility of electronic delivery of disclosures under Rule 701(e). Readers will recall that Rule 701 is an exemption from the registration requirements of...

A loan is "table funded" when at settlement it is contemporaneously assigned to the person that provides the funds. Is table funding an illegal business practice under the California Finance Lenders Law? The Fourth District Court of Appeal has its...

Many a school child has received the awful warning to be careful lest some offense be entered on his or her "permanent record". As required by statute (15 U.S.C. § 78o-3(i)), the Financial Industry Regulatory Authority, Inc. (aka FINRA) has...

Wednesday's post was entitled "Condominiums And The California Corporate Securities Law".  Today's post concerns whether I used the proper plural form of "condominium".

I was admitted to the bar the same year that the legislature completed its parturition of a new limited offering exemption under the Corporate Securities Law of 1968 - California Corporations Code Section 25102(f). AB 1518, Cal. Stats. 1981, ch....

Some four years ago, I wrote about the Ninth Circuit Court of Appeals' holding in Salameh v. Tarsadia Hotel, 726 F.3d 1124 (9th Cir. 2013). For those readers who don't remember the post or the case, the Court of Appeals held that the plaintiffs had...

Planning for a congregational picnic this Sunday past, a local Lutheran church sought permission to use the neighboring Catholic church's parking lot. The Catholic church graciously agreed to allow the use of its lot provided that the Lutherans...