Allen Matkins is a law firm that publishes the California Corporate & Securities Law Blog, focusing on corporate governance, securities law, and business entity matters primarily within California and Nevada jurisdictions. The blog covers a wide range of topics including corporate law, limited liability companies, mergers and acquisitions, fiduciary duties, securities regulation, and legislative developments affecting corporate and securities law. It provides legal analysis and updates on statutes, case law, and regulatory changes relevant to corporate attorneys, business professionals, and stakeholders involved in corporate governance and securities compliance. The firm’s publications emphasize practical legal insights into corporate operations, shareholder rights, and regulatory compliance in the corporate and securities arena.
Bright-eyed Athena, the goddess of wisdom, was not birthed of a woman. Rather, she sprang from the head of Zeus after he swallowed Metis, the pre-Olympian goddess of wisdom:
ἣ δ᾽ αὐτίκα Παλλάδ᾽ Ἀθήνην κύσατο: τὴν μὲν ἔτικτε πατὴρ ἀνδρῶν τε θεῶν τε πὰρ κορυφὴν Τρίτωνος (Then in a flash, she [Metis] conceived Pallas…
In February, I wrote about a proposed offering that involved a racially based share allocation scheme. See May Corporations Allocate Shares Based On Race, Gender, Or Ethnicity? Last month, it appeared that the offering was stalled at the Securities…
I have devoted several posts over the years to California’s Unincorporated Association Law. See Thinking About Joining A Club? You May Want To Consider These Corporations Code Provisions First, Is Your Club A Legal Entity?, Is A Biker Gang…
In Drulias v. 1st Century Bancshares, Inc. 30 Cal. App. 5th 696 (2018), the plaintiff was a shareholder in a Delaware corporation whose board of directors approved a merger agreement and at the same time adopted a forum selection bylaw,…
I have previously noted certain provisions of a bill amending Nevada’s business entity statutes, AB239. See Nevada Bill Would Impose A Duty That Directors Be Informed and Nevada Bill Would Expressly Allow Directors To Approve Documents In “Preliminary Form”…
In 2020, the legislature enacted the California Consumer Financial Protection Law. The CCFPL significantly expanded the regulatory authority of the the Department of Financial Protection & Innovation by granting it the power to enforce any California or federal consumer financial law…
In California, it seems that everything must be registered and reported to the state. A spot bill, SB 789 (Menjivar) was recently amended to require that individuals and entities owning commercial property in the state to register with the California…
Last Friday, California headquartered Affirm Holdings, Inc. filed preliminary proxy materials for a special meeting of stockholders to consider a proposal to reincorporate from Delaware to Nevada. Affirm is joining several other well-known and non-so-well known defectors to the Silver…
In 2011, a local water district in Nevada entered into a lease agreement with Paradise Canyon, LLC to provide shares of water for irrigating the Wolf Creek Golf Club. The lease agreement granted Paradise Canyon a right of first refusal with…
Ten years ago, Hovik Nazaryan sued Femtometrix, Inc. claiming that the company had issued shares to him than it had promised. The parties settled the lawsuit. The settlement agreement provided that the stock issued to Mr. Nazaryan “is not ‘compensation,’…
