Recently, Senator Richard Blumenthal wrote a letter to the Securities and Exchange Commission asking that the "Commission protect investors and America’s capital markets from a serious and imminent threat." According to the Senator, this isn't an...
As I mentioned yesterday, every holder of shares is entitled to a signed certificate pursuant to California Corporations Code Section 416(a) (unless the corporation a system for issuing, recording and transfering uncertificated shares pursuant to...
One fine morning in the middle of the Precession of the Equinoxes, a reader asked me a new fine question that he had never asked before. He asked, "What date should be placed on a stock certificate?"
Recently, I received a summons for jury service. This reminded me of Pericles, Wasps and Aristotle.
Last March, I wrote a couple of posts concerning the Nevada Supreme Court's opinion in In re Cay Clubs, 130 Nev. Adv. 14 (2014). Joint Venturer May Be Partner By Estoppel and “Don’t tell me not to worry, and please don’t call me partner”. The...
The incognoscenti may not know it, but today is Nevada Day. On this date in 1864, Nevada joined the Union and helped support the reelection of Abraham Lincoln and the Thirteenth Amendment. Delaware did not - it joined New Jersey and Kentucky in...
Adolf A. Berle, Jr. wrote Corporate Powers as Powers in Trust more than four score years ago, but Vice Chancellor J. Travis Laster cited the article yesterday as if the Harvard Law Review had published it last week. Quadrant Structured Products Co.,...
A plaintiff holding less than 2000 shares files a derivative suit against a corporation's current or former directors and officers. The trial court finds the complaint to be internally inconsistent and that regulatory filings disproved allegations...