California Corporate & Securities Law

In the early morning of October 3, 1970 on rural road just outside San Jose, 61-year old Engineer Anthony Gassell was at the controls of his Southern Pacific locomotive as it headed northwest. At the same time, 24-year old Kathryn Colville was...

In June of last year, the Public Company Accounting Oversight Board adopted Auditing Standard No. 18 which "establishes requirements regarding the auditor's evaluation of a company's identification of, accounting for, and disclosure of relationships...

ISS released its 2016 Benchmark Policy Recommendations last Friday.  I had previously criticized ISS for its proposal to change its recommendation on withholding votes with respect to directors who sit on too many boards:

In yesterday's post, I wrote that Judge Leigh Martin May had issued a ruling enjoining a SEC administrative proceeding.  Presumably, Judge May has or will issue an injunction.  This leads me to question why the verb is typically spelt "enjoin" while...

Last March, I posed the following question:

The North American State Securities Administrators Association (NASAA) recently warned investors about the risks of investing in binary options. While NASAA asserts that many binary trading platforms are "unregulated or are completely illegal", I...

An often overlooked corner of the California Corporations Code is the Bucket Shop Law, Cal. Corp. Code § 29000 et seq.  The law quite literally criminalizes the keeping of a bucket shop:

Recently, I criticized ISS' proposed changes to its policy on "overboarding".  Therefore, I was pleased to see that I wasn't a lone voice crying in the wilderness.  The Society of Corporate Secretaries and Governance Professionals also submitted a ...

Earlier this week, I wrote about an amicus curiae brief submitted by 19 law school professors Friedrichs v. Cal. Teachers Ass'n, a case now pending before the United States Supreme Court. In particular, I questioned whether these academics properly...