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Recent efforts by the California Legislature to increase corporate boardroom diversity hit a road bump due to the Los Angeles County Superior Court decision earlier this month in Crest v. Padilla...
A California Superior Court judge has invalidated state legislation that required boards of publicly held corporations headquartered in California to include a minimum number of...
The statutory right to judicial dissolution in California comes with a hook — the defendants can avoid dissolution by exercising a “buyout” procedure. This is true in both LLCs...
In 2020, the legislature enacted AB 3075 (Gonzalez) which, among other things, requires a corporation or an LLC to disclose in its statement of information filed with the Secretary of...
In the case of LLCs, the current Corporations Code § 17702.09a8 requires disclosure to any member or any manager. Burdensome that the analogous requirement for corporations Sections 1502a10 7 2117a8 which requires disclosure only as to officers and directors.