California Corporate & Securities Law

What's the third largest securities exchange operator in the United States and where is it located?  The answers may surprise you.  The exchange operator is called BATS and it is based outside of Kansas City.  BATS is derived from an initialization of B

 In 1654, two giants of mathematics, Blaise Pascal and Pierre de Fermat, began to exchange letters about games of chance.  This correspondence resulted in Pascal writing Traité du triangle arithmétique, avec quelques autres petits traitez sur la...

Yesterday, the Ninth Circuit Court of Appeals issued an opinion that will likely be cited most often for its conclusions regarding scienter, loss causation and Rule 10b-5.  WPP Luxembourg Gamma v. Spot Runner, 9th Cir. Case No. 10-55401 (Aug. 23,...

Last February, I wrote this post about SB 657, the California Transparency in Supply Chains Act of 2010. This legislation will take effect on January 1, 2012 and will require retail sellers and manufacturers doing business in California to disclose...

California Business & Professions Code § 7031(a) generally prohibits unlicensed contractors from getting paid on contracts for which a contractor's license is required. If an unlicensed contractor enters into a contract providing for arbitration,...

Earlier this year, I tried to figure out the rules applicable to record retention at the Securities and Exchange Commission.  Here is what I've learned:

Most have heard the saying "do as I say, not as I do" but I expect that fewer know the full quotation.  Its author was the remarkable English polyhistor, John Selden (1584-1654).  Here's the full quotation from The Table Talk of John Selden:

Last Friday, I wrote this post about Sacramento Superior Court Judge Allen Sumner's tentative ruling in a case alleging that CalPERS improperly laundered the salary of the receiver appointed by the U.S. District Court to oversee California's prison...