California Corporate & Securities Law

In this post from last June, I addressed the unfortunate legislative legerdemain known as the spot bill.  "Yet here’s a spot."  Assembly Member Jared Huffman has continued the practice with his introduction of a AB 361. Because AB 361 in its current...

Last week in this post, I wrote about the California Controller John Chiang's announced intention to sponsor legislation to shut the revolving door between California's two largest public retirement systems, CalPERS and CalSTRS, and the private...

On Valentine's Day, the United States Postal Service announced that it had begun its 2011 fiscal year with a loss of $329 million. In announcing these results, the USPS cited "electronic diversion" as implying "long term structural changes in...

In this post from last November, I mentioned two New Jersey decisions applying New Jersey law rather than the law of the state of incorporation.  Krzastek v. Global Resource Industrial & Power, Inc., No. A-1815-06T2 (N.J. Super. Ct. App. Div. Sept....

Nearly two decades ago, I co-wrote an article describing a new form of business entity - the limited liability company - and pondering whether California would ever enact laws authorizing the organization of LLCs. Bishop & Rizzi, "Are Limited...

On February 3, 2011, California Controller John Chiang sent this letter to Rob Feckner, Chairman of the California Public Employees Retirement System.  The Controller is an ex officio member of the CalPERS Board of Administration.

Yesterday, Broc Romanek reported in his blog that the Securities and Exchange Commission staff has posted several new Compliance and Disclosure Interpretations with respect to Say-on-Pay.  In particular, I noted that the staff disagrees with Congress.

On Wednesday, February 16, 2011, the Board of Administration of the California Public Employees Retirement System will consider proposed steps to implement the twelve recommendations resulting from a special review by an outside law firm of...