Just What Is The State Auditor And What Does She Do Anyway?

In yesterday's post, I mentioned that the  Milton Marks “Little Hoover” Commission on California State Government Organization and the Economy oversees the Bureau of State AuditsSee Government Code Sections 8542 and 8543.

The Little Hoover Commission And The Architecture Of Power

Last week, I testified before the Milton Marks "Little Hoover" Commission on California State Government Organization and the Economy concerning Governor Jerry Brown's 2012 Reorganization Plan.  My written comments are available here.

Cannabis, Collectives, Cooperatives And The California Corporations Code

In reviewing recent California cases involving the Corporations Code, I was surprised to see several recent, published and and unpublished opinions dealing with marijuana dispensaries. I never would have imagined that California's laws governing...

Court Applies California Demand Requirement To Scottish Company (Again)

Last December, I wrote about U.S. District Court Judge Jeremy Fogel's decision in Johnson v. Myers, 2011 U.S. Dist. LEXIS 112897 (N.D. Cal. Sept. 30, 2011). The case involved an attempt by some of the stockholders of a liquidated Scottish...

California May Be The First State To Require Corporations To Disclose Compensation Paid To Retired Executives

Since 2002, California has imposed its own disclosure requirements on publicly traded corporations incorporated in or qualified to transact intrastate business in California. A subject corporation is currently required to disclose, among other...

California And Nevada Secretaries Of State Propose Rule Changes
"It Depends On What The Meaning Of 'In' is."

In May 2010, then Attorney General Jerry Brown announced that he had filed this complaint against former California Public Employees Retirement System (CalPERS) Board Member Alfred Villalobos, his company ARVCO Capital, and former CalPERS Chief...

Hedge Fund Advertising - What's The Wall Street Journal Talking About?

Last week, the Wall Street Journal published an article stating:

Nevada New Entity Filings Are Up From Prior Quarter

Each quarter, the Nevada Secretary of State releases a quarterly business report.  The report includes, among other things, data concerning the number of new entity filings with that office.  The report for the first quarter of 2012 discloses that the...