California Corporate & Securities Law

Yesterday was the last day for comments on the Commissioner's proposed rule to address the Court of Appeal's holding in People v. Cole, 156 Cal. App. 4th 452 (2007). I've seen that several persons have submitted comments in addition to myself - all...

With Congress' passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "DF Act"), lawyers across the nation are struggling to come to grips with the act's impact on their clients. Lawyers representing businesses in need of...

Some readers may have noticed that there are currently two Section 307s in the Corporations Code. One version of Section 307 provides in subdivision (d) that it remains in effect only until January 1, 2011. This is commonly referred to as a "sunset...

On July 6, 2010, I reported on a recent Court of Appeal decision that supported Governor Schwarzenegger's attempt to reduce state employees' salaries to the federal minimum wage. The Court of Appeal's holding did not require the Controller to reduce...

Broc Romanek recently posted an item from Alan Parness concerning a security breakdown at the Massachusetts Securities Division.  Alan raises an excellent question about whether a state agency would be as forgiving of someone that it regulates.

There are many fun things to do in Sacramento - have dinner at Frank Fats or visit the California State Railroad Museum.  The capitol building and the museum in the basement are worth visiting.

The Interstate Commerce Commission was created in 1887 when Grover Cleveland was president. Over the years, Congress greatly expanded the ICC's authority. At one time, the ICC had thousands of employees. In 1995, President Clinton signed legislation...

A few weeks ago, The Wall Street Journal reported that California's largest public pension plan is planning to create a database of directors, which is being referred to as the "Diverse Director Database" or DDD. Interestingly, a director registry...

As noted in yesterday's post, the deadline for comments on the Commissioner of Corporation's proposal to adopt a rule to address the Court of Appeal's holding in People v. Cole, 156 Cal. App. 4th 452 (2007) was yesterday. Yesterday, however, the...