Bill Seeks To Mandate Corporate Political Disclosures

The fallout from the U.S. Supreme Court's decision in Citizens United v. Federal Election Com'n, 130 S. Ct. 876 (2010) continues.  Earlier this week, California State Senator Noreen Evans introduced a bill, SB 982, to require corporations to issue a...

There's Something About Section 800 And ISS Adds Panelist

What's So Different About Section 800?

Choice Of Law And Derivative Suits

The California Corporations Code carefully defines the the terms "corporation" (Section 162), "domestic corporation" (Section 167), "foreign corporation" (Section 171); and "foreign association" (Section 170). For example, when the legislature...

Stop SOPA? Hey, It's Already The Law!

The Stop Online Piracy Act (SOPA), H.R. 3261, has been attracting a lot of attention lately.  However, here in California, we've been living under the SOPA for better than half a century.

Has ISS Moved From Advice To Advocacy?

Last November, I joined Professor Stephen Bainbridge (UCLA Law School) and James Copland (Director, Center for Legal Policy at the Manhattan Institute) in submitting this comment letter opposing ISS' proposal to change its case-by-case approach to...

Enforcing Form D Filings - A Misguided State Policy

The American Bar Association's Committee on State Regulation of Securities publishes The Blue Sky Bugle, a newsletter for lawyers who deal with the state regulation of securities. In a column for the December issue, Alan Parness of Cadwalader,...

Governor Proposes To Consolidate The DFI And DOC

Article IV, Section 12(a) of the California Constitution requires the Governor to submit to the legislature a proposed budget for the ensuing fiscal year within the first ten days of the calendar year. Governor Jerry Brown met this deadline by...

Court Rules That Section 25400 Requires That Manipulative Conduct Occur Within California

Overstock.com, Inc. filed a lawsuit in the San Francisco Superior Court alleging that various investment firms had caused the price of its shares to decline by manipulating the securities markets. Earlier this week, Judge John E. Munter granted...

Say It Isn't So! Section 25102(f) To Be Amended To Condition The Exemption On Filing An "F" Notice?

The California Senate Banking and Finance and the Assembly Business, Professions and Economic Development committees have scheduled a joint informational hearing on hard money lending for January 18, 2012. According to the proposed agenda,...