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3 Oct 2011, 6:02 pm
AB 1211 will make it clearer as to when the vote of an interested director is not required for a unanimous written consent. [read post]
30 Sep 2011, 5:59 pm by Scott Calvert
California Governor Jerry Brown recently signed a new law that will provide increased protection to seniors and other consumers who are interested in purchasing an annuity. [read post]
23 Sep 2011, 2:13 am by Hedge Fund Lawyer
Potential Disadvantages of a Private Fund Adviser SRO The report listed the following as potential disadvantages of the SRO: Some of the disadvantages of a private fund adviser SRO include its potential to (1) increase the overall cost of regulation by adding another layer of oversight; (2) create conflicts of interest, in part because of the possibility for self-regulation to favor the interests of the industry over the interests of investors and the public; and (3) limit… [read post]
22 Sep 2011, 2:00 am by Kara OBrien
In a separate Concept Release,[2] the SEC stated that it is reviewing interpretive issues under Section 3(c)(5)(C) of the Investment Company Act. [read post]
16 Sep 2011, 10:55 am by Ethan Elkind
AB 710, the eminently sensible parking reform bill, died a sad death in the State Senate during the last-minute frenzy on bills last week. [read post]
16 Sep 2011, 6:00 am by Bill Raftery
Requires commission establish and oversee a conflicts office with a conflicts manager responsible for conflicts of interest and for ensuring that cases involving a conflict of interest are handled according to professional ethical standards. [read post]
12 Sep 2011, 6:30 am by Bill Raftery
New York AB 2749 Establishes the New York state public defense commission to oversee the provision of public defense services in the state. [read post]
12 Sep 2011, 2:15 am by Peter Vodola
 Defendants contend that the instant action involves the 'funding of litigation by an officious intermeddler with no bona fide interest in the Underlying Litigation, with the expectation of receiving payment (at a hefty premium) out of the proceeds of that litigation,' and therefore the contracts at issue are void ab initio in violation of the principles of maintenance and champerty. . . . [read post]
8 Sep 2011, 11:21 am
Weideman In the final week of California’s 2010-2011 legislative session, a number of employment bills have been passed by the legislature and have been signed by Governor Brown or await his signature: AB 240 (Liquidated Damages):  This bill, which has now been signed into law, permits an employee to recover liquidated damages of twice the amount of wages improperly withheld plus interest in proceedings before the Labor Commissioner involving claims for underpayment of… [read post]
6 Sep 2011, 9:55 am
 The Section 501 standard remains objective and does not depend on the directors’ state of mind.[3] When is the effect of a distribution measured under AB 571? [read post]
6 Sep 2011, 7:59 am by Ted Brooks
One thing is certain – both plaintiff and defense firms have a great deal of interest in this, and the “slam-dunk” settlement in many cases may soon become a thing of the past. [read post]