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CALIFORNIA CORPORATE & SECURITIES LAW

The High Price Of Trying To Enforce The Unenforceable

Readers of this blog will know that California marches to its own drummer when it comes to the enforceability of covenants not to compete. California Business & Professions Code Section 16600 declares these covenants void unless they fall within a statutory exception. Nonetheless, some companies continue to insist on including non-compete clauses in their agreements.…

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“It Depends On What The Meaning Of ‘In’ is.”

In May 2010, then Attorney General Jerry Brown announced that he had filed this complaint against former California Public Employees Retirement System (CalPERS) Board Member Alfred Villalobos, his company ARVCO Capital, and former CalPERS Chief Executive Officer Federico “Fred” Buenrostro, alleging violations of California Corporations Code §§ 25210, 25216 and 25403 and Business & Professions Code Section §…

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