California Corporate & Securities Law

In recent weeks, a number of stories have appeared in the press regarding "reverse mergers" involving shell corporations and Chinese companies.  For example, Joshua Gallu wrote this story for Bloomberg last December.

Earlier this week, Shelly Banjo wrote this story for The Wall Street Journal about religious facilities that are unable to meet their debt obligations. Ms. Banjo notes that many religious groups have relied on bond financing to acquire, build or...

Another California Pay-to-Play Story?

Because the Dodd-Frank Act requires the adoption of so many new regulations, I like to say that the other shoe (or more likely a whole closet full of shoes) remains to be dropped. One large shoe that is yet to be dropped is how the Securities and...

As I wrote in this early posting, California is ground zero for the venture capital industry. Many of our most succesful and innovative companies have been funded by the venture capital industry. Thus, it is good to see that Commissioner Preston...

As a condition to qualification, the Commissioner of Corporations may impose a restriction on the subsequent transfer of the securities being qualified. Cal. Corp. Code § 25141. Rule 260.141.10 describes the general circumstances under which the...

In this recent post, I wrote about California's cooling off statute with respect to viatical and life settlement contracts.  Yesterday, the Securities and Exchange Commission filed this complaint alleging a massive life settlement contract bonding...

In yesterday's post, I described how an approval voting system could be used to determine shareholder preferences.  The Borda count system is another system that also could provide more accurate information about the consensus opinion of shareholders.