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Did The Co-Founder Of Alcoholics Anonymous Violate Rule 10b-5?

Recently, I enjoyed watching My Name is Bill W., a 1989 movie that starred James Woods, JoBeth Williams and James Garner.  The film tells the story of Alcoholics Anonymous co-founder William Griffith Wilson (aka Bill W.).  In telling his story, the...

463 U.S. 646, Dirks, Enforcement & Investigations, fiduciary duty, Insider Trading, Salman v. U.S., Securities Litigation, tippee, tipper, William Griffith Wilson

Is There A "Revlon Duty" In California?

There are certain seminal Delaware corporate law cases that are so well known that corporate lawyers are wont to assume that they have been adopted and followed everywhere.  One such case is Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc., 506...

Corporate Governance, fiduciary duty, Gaillard v. Natomas, Kirschner v. Natomas, Mergers & Acquisitions, preferred stockholders, revlon duties

Best Efforts - A California Perspective

UCLA Law School Professor Stephen Bainbridge posted some thoughts yesterday on the meaning of contractual "best efforts" requirements.  See What do "best efforts" and variants mean? A proposed set of definitions.  The springboard for Professor...

206 Cal. App. 4th 384, best efforts, California Pines Property Owners Association v. Pe, California Sui Generis, fiduciary duty, good faith, Professor Stephen Bainbridge, reasonable, William Cos. v. Energy

Want To File A Derivative Suit? You May Soon Be Required To Read Statutes

I have been writing recently about SB 203, a bill that is now pending in the Nevada legislature.  As introduced, the bill would, among other things, require the following:

In an action involving or relating to a domestic corporation that is subject...

derivative suit, exculpation, fiduciary duty, Nevada Corporations, Nevada legislature, NRS 78.138, NRS 78.139, Rule 23.1, SB 203, verification

Why An Understanding Of Officers As Agents May Be Important

In several recent posts, I have noted that officers, unlike directors, are agents of the corporation.  Recognizing the agency status of officers can affect the legal analysis in a number of significant ways, including:

Choice of law.  California...

business judgment rule, California Civil Code, California Corporations Code, Corporate Governance, fiduciary duty, Labor Code, officers, Restatement (Second) Agency, Section 2116, section 309



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30172DBAB0084D3A8F39D7AF0A8E79BC.ashxKeith Paul Bishop
Partner at Allen Matkins
(949) 353-6328
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