California Corporate & Securities Law

Not just anyone is qualified to testify as an expert witness.  Edward Teller quoted Niels Bohr as describing an expert as "a person who has found out by his own painful experience all the mistakes that one can make in a very narrow field". * The...

Having read Professor Stephen Bainbridge's post about the origins of the judicial doctrine that directors must act on an informed basis, I passed along a reference to the California Supreme Court's in Fox v. Hale & Norcross Silver Mining Co., 108...

Eureka, Nevada was once known as the "Pittsburgh of the West". Today it describes itself as the "Friendliest Town on the Loneliest Road in America". Eureka never had any steel mills, but it was often shrouded in smoke . The smoke came not from...

Anyone who has visited the "vast expanse of nothingness" north of Clark County, Nevada has likely crossed what cowboy singer Richard Elloyan calls the "Artemisian seas". The reference isn't to bodies of water, but vast expanses of Big Sagebrush,...

Last week, I mentioned my recent visit to Pioche, Nevada. Founded in the late 1800s, the town's early years were marked by an extraordinary level of violence. Although unincorporated, the town remains the county seat of Lincoln County. As the county...

Recently, I have written a few words about Austin, Nevada. The town is situated in Pony Canyon, over a mile high in the Toiyabe mountain range. Today, it bestrides U.S. Route 50, known as the "Loneliest Road in America". The town was founded on the...

In February, I penned this post about some of Nevada's historic rural courthouses. Recently, I visited Goldfield, Nevada. Although Goldfield is the county seat of Esmeralda County, it has no gas station and no supermarket. Esmeralda County has a...

Mr. Desage, a Nevada resident, and Cadeau Express, Inc., a Nevada corporation, defaulted on several promissory notes payable to AW Financial Group, LLC, a Nevada limited-liability company. Because everyone involved had a Nevada connection, it may...

"Nothing but blue skies do I see"

Kansas claims the pride of place in with its enactment in 1911 of the country's first general securities law. Kan. L. 1911, ch. 133. Kansas Bank Commissioner J.N. Dolley, the author of that law, is also given credit...