California Corporate & Securities Law

Last year, the California legislature enacted AB 1584 as an urgency measure. That legislation required the retirement boards of each public pension or retirement system to develop and implement, on or before June 30, 2010, a policy requiring the...

Yesterday, I wrote about "spot" bills and the process of gutting and amending bills in the California legislature. So why have a spot bill at all? The reason is that the legislative process is supposed to operate according to specific procedures....

Kruss v. Booth is a "must read" for lawyers confronting Section 2115 of the California Corporations Code. Section 2115 represents the California legislature's attempt to thumb its nose at the internal affairs doctrine. That doctrine holds that the...

The California legislature has reacted to the Supreme Court's decision in Citizens United v. Federal Election Commission, 558 U.S. 50 (2010) by gutting and amending AB 919 (Nava). That bill started out life last year as a "spot" bill. A "spot" bill...

California Corporations Code Section 1602 provides that every director "shall have the absolute right at any reasonable time to inspect and copy all books, records and documents of every kind . . .". While the statute seems to brook no exceptions,...

Wecome to CalCorporateLaw.com! This blog is intended to provide news and commentary about California corporate and securities laws and regulations. The point of the blog is not to provide legal advice and reading it won't create an attorney-client...

Recently, I was interviewed by a Bay Area radio station concerning trading in shares of privately held companies.   This inspired me to write a piece for the Los Angeles Daily Journal on the same subject.  You can read that article here. The securities...