California Corporate & Securities Law

As discussed in this earlier post, Facebook, Inc. has requested a fairness hearing before the California Department of Corporations. Technically, the hearing is being held pursuant to Corporations Code Section 25142 in connection with Facebook's...

In May 2011, I wrote about U.S. District Court Judge Susan Illston's decision allowing a purchaser of auction rate securities to pursue claims under the California Corporations Code against Deutsche Bank Securities Inc.  Anschutz Corp. v. Merrill...

An Illinois corporation hires an employee, leases office space in California. A dispute then arises between the corporation and its California employee. The employee sues and the corporation counterclaims. The employee moves to dismiss the...

This month's issue of California Lawyer magazine includes this long piece discussing the case of Dimitrious P. Biller, a former in-house attorney. In 2011, an arbitrator order Mr. Biller to pay his former employer $2.6 million in damages and...

In 1941, Robert Noble, Ellis O. Jones and several other individuals were indicted for violating California's Subversive Organization Registration Law. The defendants were active in a pro-German group called the Friends of Progress. Eventually, they...

CalPERS Voting Data Clarified

For some time, I've been sounding the alarm against SB 323 (Vargas).  As introduced, this bill would have repealed California's Beverly-Killea Limited Liability Company Act, Corporations Code Section 17000 et seq., and enact a version of the Uniform...

As we come down to the closing days of the current legislative biennium, the legislative process becomes frenetic and unpredictable. SB 12 (Corbett) started out repealing California's Bulk Sales Act. As I wrote about earlier today, it was amended to...

In February 1685, Charles II of England, aka the "Merry Monarch", took ill and to his bed. Despite the ministrations of his doctors, it became clear to all that he was to die, but not easily or quickly. Throughout the King's last ordeal, his sense...