California Corporate & Securities Law

Last week, the Securities and Exchange Commission announced a $6.5 million settlement with Ethiopian Electric Power, which was described in the SEC's order as "a government-owned power utility headquartered in Addis Ababa, Ethiopia". According to...

Article IV, Section 8 of the California Constitution requires that to be passed, a bill must first be read:

Individuals and corporations, but not limited liability companies, may be licensed as real estate brokers under the California Real Estate Law. This is a result of a bargain reached when California's enacted its first limited liability company law -...

Last fall, California enacted a finders exemption to the broker-dealer registration requirement under the Corporate Securities Law of 1968.  See Governor Signs Finders Exemption Bill. This new exemption took effect on January 1, 2016 isn't exactly...

Delaware attorney Francis Pileggi recently wrote about a ruling in the Court of Chancery concerning Nevada's private corporation law.  The case, Eric Pulier v. Computer Sciences Corp., et al., C.A. No. 12005-CB, hearing (Del. Ch. May 12, 2016), arose...

Disparagement isn't what it used to be.  In the good old days, disparagement meant a marriage to a social inferior.  The word itself is derived from the Old French word, desparagier, meaning to degrade. The French, of course, borrowed the word from...

In 2007, Nevada adopted the Model Registered Agents Act. It is currently one of 10 states to have done so (plus the District of Columbia). Nevada's enactment of the model act may have been predestined by the fact that the chair of the committee...

Yesterday, the Securities and Exchange Commission announced that it has adopted an interim final rule that allows Form 10-K filers to provide a summary of business and financial information contained in their annual reports. The SEC adopted the rule...

Don't peek at the statute, and answer the following question: