Business Law eNews

Exchange Act Rule 10b5–1(c) (17 CFR §240.10b5–1(c)) creates an affirmative defense from insider trading liability for purchases and sales in accordance with preplanned trading plans complying with Rule 10b5–1(c). The rule provides a defense for corporate insiders and companies to buy and sell company stock as long as the trading plan was adopted in good faith, before the company or the insiders became aware of any material nonpublic information. The rule was amended in 2023 to update the conditions that must be met for the affirmative defense to apply. See §3.24A. Read more

This month, we are delighted to highlight the achievements of Business Law Section member, Aaron E. de Leest. Read more

With June now upon, us summer is in full swing at CLA and there is much going on with the Business Law Section! Read more

Courtesy of CEB, we are bringing you selected legal developments in areas of California business law that are covered by CEB’s publications. This month’s feature is from the April 2023 update to California Law of Contracts. Read more

This month, we are excited to highlight the achievements of Business Law Section member, Nina L. Hong. Read more

The Section is experiencing an enormous tailwind on the heels of an incredibly successful Legislative Day at the State Capitol! Read more

Courtesy of CEB, we are bringing you selected legal developments in areas of California business law that are covered by CEB’s publications.  This month’s feature is from the March 2023 update to Understanding Fiduciary Duties in Business Entities.  References are to the book’s section numbers.  The most significant legal developments since the last update include developments in such important topic areas as fiduciary duties in for-profit corporations, fiduciary duties in family businesses, breach of fiduciary duty litigation, and D & O insurance.  Read more

The Spring equinox has arrived in a fabulous fashion, bringing with it a brief intermission to the veritable monsoon season across our glorious, golden state. Read more

On the heels of the highly successful California Lawyers Association (“CLA”) Leadership Meeting last January in Monterey, I am very pleased to report that our Section is busier than ever, engaging its members on multiple fronts. Read more

Courtesy of CEB, we are bringing you selected legal developments in areas of California business law that are covered by CEB’s publications. This month’s feature is from the February 2023 update to Financing and Protecting California Businesses. References are to the book’s section numbers. The most significant legal developments since the last update include developments in such important topic areas as arbitration, federal and state securities law, loan financing, cybersecurity, tax matters, and board diversity requirements. Read more