Investment advisers frequently have custody, either directly or indirectly, of their clients' assets. Obviously, custody of another's assets can lead to infidelity. In the word's of the satirist Juvenal, the question necessarily becomes "sed quis...
Commissioner Invites Comments On Adopting New Custody Rule
Posted on July 11, 2011
Three Moms Alleged To Have "Socked It To" PTA Members
Posted on July 08, 2011
Several news stories appeared this week about three Southern California mothers who allegedly used their involvement in an elementary school PTA to solicit investors in a Ponzi scheme. According to this press release issued by the Los Angeles...
Be Careful What You Say When Breaking Up
Posted on July 07, 2011
CalPERS Renews State Street Custody Contract
Privilege and Work-Product
Posted on July 06, 2011
Imagine that one attorney, let's call her Ms. Bennett, has a client, Ms. Austen. Ms. Bennett, of course, speaks with Ms. Austen. Suppose, however, that Ms. Bennett also speaks with another attorney in her firm, Mr. Darcy, about Ms. Austen's case. ...
Court Of Appeal Reaffirms Lender's Refusal To Loan To LLC Based On Felonious Investor In Manager
Posted on July 05, 2011
In May, I wrote this post about a decision by the Second District Court of Appeal finding that a lender did not violate California's Unruh Civil Rights Act when it declined to make a loan to a limited liability company whose managing member included...
You Know It's A Really Tough Regulatory Environment When . . .
Posted on July 01, 2011
In this letter sent last June, the writer commiserated:
Pipeline Pig Promise Produces No Prudhoe Pork For Plaintiff
Posted on June 30, 2011
What We've Got Here is A Failure to Pig
Two Words To Add To Your Legal Vocabulary
Posted on June 29, 2011
Apparently, It's Ok To Argufy Before The Delaware Supreme Court
CalPERS/CalSTRS Set To Launch Director Database
Posted on June 28, 2011
