10th Circuit Holds SEC ALJs Are Holding Office Unconstitutionally

In March 2015, I posed the following question:

When Partnership "Members" Are Employees

Last week, I wrote about how AB 2883 changes the definition of "employee" vis-a-vis corporate directors.  See Is A Corporate Director An Employee Subject To Workers’ Compensation? AB 2883 also rewrites the definition of "employee" for purposes of...

California Secretary Of State Upgrades Business Searches

For some time, the California Secretary of State's office has offered a business search application on its website.  Although the function provided only limited information, the application received more than 5 million views per month.  On St. Lucia's...

Has The SEC Paid Millions In Whistleblower Bounties To "Friends And Family"?

Earlier this month, the Securities and Exchange Commission announced yet another large whistleblower bounty.  See SEC Awards Nearly $1 Million to Whistleblower. This brings to $136 million the total amount awarded to date by the SEC to...

Pay By Another Name Might Be Salt

Yesterday's post concerned the classification of directors and officers as employees for purposes of California's workers' compensation law. Effective January 1, 2017, California Labor Code Section 3351(c) will define "employee" to include all...

Is A Corporate Director An Employee Subject To Workers' Compensation?
SEC Takes Action Because Issuer Did Not Effect A Public Offering

Until the addition of paragraph (c) to Rule 506 three years ago, securities lawyers spent a lot of time advising their clients on how to avoid a public offering of their securities. Thus, I found it somewhat ironic to read that the Securities and...

Congress Voids Form Contract Provisions That Impede Consumer Reviews

To paraphrase William Somerset Maugham's Of Human Bondage, businesses may ask you for a review, but they only want praise. Indeed some businesses have tried to ensure only good reviews by including non-disparagement clauses in their consumer...

What Are Protestants Doing In The California Water Code?

The California Water Code makes numerous reference to "protestants". Secularists need not fear. The reference isn't to adherents of the reformation theologies of Martin Luther, John Calvin or Huldrych Zwingli. These are small "p" protestants, that...