California Corporate & Securities Law

Yesterday, Bankruptcy Court Judge John Peterson issued his written decision regarding whether the State of California should be granted relief from the bankruptcy automatic stay in order to pursue a civil enforcement action against Alfred R....

David Freeman of Arnold & Porter LLP recently submitted this letter to the Securities and Exchange Commission on behalf of the State of Alaska. The letter urges the SEC to amend its definitions of "accredited investor" in Rule 215 and Regulation D...

CalPERS has been working on its placement agent disclosure regulations for several months now. Today, CalPERS' Investment Committee will consider approving revisions to the proposed regulations. If approved, the final rulemaking package will be...

Prior to the enactment of the Dodd-Frank Act, Section 205 of the Investment Advisers Act of 1940 prohibited the receipt of performance compensation by an investment adviser unless the adviser was exempt from registration under Section 203(b) of the...

Occasionally, I can't resist the temptation to digress into other legal areas.  Today's opinion by the Ninth Circuit Court of Appeals in Anderson v. City of Hermosa Beach  (Case No. 08-56914, Sept. 9, 2010) is one of these irresistable tempations. 

As discussed in this earlier post, the Securities and Exchange Commission's new proxy access requirements will likely bring attention to director qualification requirements. The California General Corporation Law does not require that a person...

The Securities and Exchange Commission's new proxy access requirements are garnering a great deal of attention even though those rules have yet to take effect. In the meantime, you can still nominate a candidate for election as a director by sending...

As discussed in this earlier post, the SEC's proxy access rule amendments will soon require many publicly traded companies to include shareholder nominees in their proxy statement and proxy cards. This rule may reignite old questions about how to...

In July, I posted this item regarding California's Capital Access Company law.  My friend, Lee Petillon, was the mover behind the original legislation. He is also the author and lead cheerleader for SB 1155 (Dutton & Price). The Capital Access...