Human Trafficking Disclosure - What Do Smoot And Hawley Have To Do With It?

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...

Contract With Unlicensed Contractor Is Not Void Ab Initio

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,...

How Long Is The SEC Required To Keep Your Form 4?

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:

This Time, Record Destruction Claims Are Aimed At The SEC

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:

Suit Against CalPERS Survives Demurrer For The Time Being

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...

Nevada Enacts Changes To Business Records and Notice Requirements
LLCs May Have An Occupation But Usually Not A Profession

California requires a permit, license or registration to engage in a wide variety of activities.  The CalGOLD (California Government On-line to Desktops) website allows you to search 147 different business types that require some form of permit,...

SEC Argues That Sales Of Hotel Rooms Are Sales of A Security

In June, I wrote this post about U.S. District Court Judge Dana Sabraw's opinion in Salameh v. Tarsadia Hotels, 2011 U.S. Dist. LEXIS 30375. The case involved the question of whether ownership interests in individual units of the Hard Rock Hotel San...

Court To Decide CalPERS' Demurrer Today

On April 19, 2011, this petition for a writ of mandamus was filed against the CalPERS Board of Administration, its President (Robert Feckner), and its Chief Executive Officer (Anne Stausboll) for allegedly laundering the salary of a receiver, J....