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CALIFORNIA CORPORATE & SECURITIES LAW

Concurrent Jurisdiction Found For Covered Class Actions

In 1997, I testified at an oversight hearing before the United States Senate Banking, Housing & Urban Affairs Committee regarding securities litigation abuses.  At the time, Congress was considering whether to enact legislation to stop plaintiffs from filing securities class actions in state court in order to avoid stricter federal standards applicable to class action lawsuits.  Both…

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It’s Gut AND Amend (GANDA) Time and Your Bar Card May be at Risk!

In recent blogs, I’ve attempted to explain the reasons for a phenomenon that we’ll be seeing from now until August 31.  Why August 31?  We are in the second year of the biennium of the legislative session.  Under the California Constitution (Art. IV, Sec. 10(c)), no bill may be passed on or after September 1…

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