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Posted on October 15, 2021

As noted in yesterday's post, Secretary of State Shirley N. Weber is asking U.S. District Court Judge R. Gary Klausner to dismiss a challenge to California's board quota statutes. In her motion to dismiss, the Secretary of State advances the...

State Seeks Dismissal Of Federal Court Challenge To California Quota Laws Posted on October 14, 2021

In July, a Texas non-profit membership association filed acomplaintin the United States District Court for the Central District (Western Division) of California,Alliance For Fair Board Recruitment v. Weber, Case No. 2:21-cv-05644-RGK-RAO (July...

Identity Thief Impersonates DFPI Posted on October 12, 2021

It seems that no one's identity is immune from theft, including financial regulators. Last week, the California Department of Financial Protection Innovation announced that it received a complaint from a California resident regarding an email...

A New Book Of Exodus Posted on October 11, 2021

And these are the names of California companies who came out of California . . . . The California Policy Center, which describes itself as "an educational non-profit working for the prosperity of all Californians by eliminating public-sector...

DFPI Issues Report On California Finance Lenders Posted on October 08, 2021

As 2021 begins drawing to close, the Department of Financial Protection Innovation has released its 2020 Annual Report of Finance Lenders, Brokers, and PACE Administrators Licensed Under the California Financing Law. According to the report, the...

Study Throws Wet Blanket On Other Constituency Statutes Posted on October 07, 2021

An "other constituency statute" permit, but do not require, boards of directors to consider non-shareholder interests (such as the interests of employees, the environment, et cetera) when making decisions. California and Delaware are among a...

Is Zero-Fee, Zero Penalty Banking In California's Future? Posted on October 06, 2021

Last month, Governor Newsom signed AB 1177, the California Public Banking Option Act. The law's title is more impressive than accurate, for it does not actually create a public bank. Rather, the law requires the Treasurer to convene a "Blue Ribbon...

Some Lawyers Must Soon Be Licensed By The DFPI Posted on October 05, 2021

California had been one of 16 states that did not require licensing of debt collectors. That changed last year with the enactment of the Debt Collection Licensing Act. 2020 Cal. Stats. ch. 163 (SB 908). The DCLA will effect at the beginning of...

Does A Partner Have An Interest In Partnership Property That Can Be Transferred? Posted on October 04, 2021

Under California's former general partnership law, a partner was a "coowner with the other partners of specific partnership propertyholding as a tenant in partnership." Former Cal. Corp. Code§ 15025(1). Whether this was actually the case was...

1 2 3 4 5 ... 318 Keith Paul Bishop Partner at Allen Matkins
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