California Corporate & Securities Law

Novelty does not mean better. With the change from 2013 to 2014, California repealed, albeit unconstitutionally, the Beverly-Killea Limited Liability Company Act (former California Corporations Code sections 17000 - 17657), and installed in its...

What happens when you sue someone who is judgment proof? One solution may be to ask the trial court to amend the judgment to add additional judgment debtors. Now, it may seem unusual to be able to add judgment debtors who were not part of the...

The California legislature operates on a two-year schedule. Cal. Const. Art. IV, Sec.3(a). The legislature will convene for the second year of the current biennium next Monday (Jan. 6). J.R. 51(a). One immediate job for the returning legislators...

Yesterday's post discussed a news report of an SEC inquiry into insider trading by CalPERS.  Rather than being abashed by this news, CalPERS responded by congratulating itself on having implemented a personal trading policy.

In October 12, 2012, I wrote about CalPERS' proposed adoption of regulations governing personal trading by members of its Board of Administration and employees.  Although I did offer a few technical comments on the proposed rules (see CalPERS' Final...

Yesterday's post was intended to set the stage for a discussion of last week's decision by the Court of Appeal in Asahi Kasei Pharma Corp. v. Actelion Ltd., 2013 Cal. App. LEXIS 1017 (Cal. App. 1st Dist. Dec. 18, 2013). The dispute giving rise to...

In 1907, newly elected California Governor James Norris Gillett asked the California legislature to address restraints on trade. California state Senator John A. Cartwright responded with a bill patterned after a federal antitrust bill introduced by...

Private equity and venture capital funds like public pension fund money but they don't necessarily like the consequences of having the government as an investor.  As noted in this post, this was illustrated by Superior Court Judge Evelio Grillo's...

This week's announcement by the Securities and Exchange Commission that it is proposing amendments to update and expand Regulation A has attracted quite a bit of attention.  David Lynn writing in Broc's Blog took special note of the proposed...