Monthly Archives: July 2016

LMPERS v. Wynn: The Ninth Circuit Clarifies When a Demand Futility Excuse Is Unavailable to Shareholders in a Derivative Action

On July 18, 2016, the United States Court of Appeals for the Ninth Circuit issued a decision in Louisiana Municipal Police Employees’ Retirement System (LMPERS) v. Wynn, Case No. 10-56187, affirming the United States District Court for the District of …
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New California Law Presents Yet Another Threat to Out-of-State Businesses

Consider for a moment that you are a business headquartered in Texas who is large enough to have operations in various U.S. states, including California.  You should know about California Senate Bill 1241 pending currently in the state legislature. SB …
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Recent Articles

Goles v. Sawhney: Guidance on California’s Minority Shareholder Buyout Mechanism

A recent case from the California Court of Appeal offers instruction in how to conduct the valuation of a minority shareholder’s interest under California’s statutory buyout process in a corporate dissolution lawsuit. On November 22, 2016, in Goles v. Sawhney, …
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California’s Newest Threat to Out-of-State Businesses [UPDATE]

On July 22, we wrote about California Senate Bill 1241 and its potential impact on foreign businesses operating in California.  In modified form, SB 1241 became law on September 25, 2016.  It adds Section 925 to the California Labor Code. SB 1241 …
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