- In This Issue -

Volume 2, Number 4 • June 2011 • Archives of Past Issues
Business and Corporations Law home page
An ePublication of the Los Angeles County Bar Association

Message from the Chair

Dear Friends,

Our seventh and final program of the 2010-2011 year will be the Fifth Annual Summer & First Year Associate Pro Bono Training Program(Corporate Edition). The program is designed to provide first year and summer associates with an overview of tax exempt organizations and the basics of forming and advising nonprofit organizations. Participation in the program is free of charge but space is limited and will be allocated on a first come, first served basis. For more information, click here.

We look forward to seeing you at the event.


David Eisman, Section Chair

Special Announcement

Interested in Becoming an Executive Committee Member?

The Business & Corporations Law Section is looking for qualified section members to become Executive Committee members commencing in Fall 2011. This is a great opportunity for highly motivated attorneys to become more involved in our section. If you would like to submit your credentials, please email David Eisman (deisman@skadden.com) and Harumi Hata (hhata@seyfarth.com).

Events Completed

October 29, 2010: Annual Securities Regulation Seminar
Click HERE to see pictures of the event.

Elise Walter
SEC Commissioner Elisse B. Walter

December 15, 2010: Marvin Greene Award Ceremony & Social Networking

Honoree and Award Recipient: California State Controller John Chiang
Click HERE to see pictures.

John Chiang

January 18, 2011
Securities Arbitration: Current Developments

February 24, 2011
Impact of the Dodd-Frank Financial Reform Act on Broker-Dealer Regulation and Regulation of Investment Advisers Includes Regulation of Advisers to Private Equity Funds, Venture Capital Funds, and Hedge Funds

March 16, 2011
IP Issues in Transactional Matters: The Top Ten Pitfalls in Dealing with Patent, Trademark, Copyright, Trade Secret and License Assets in Corporate Transactions

May 6, 2011
Annual DE & CA Law Update Symposium

Events Coming Soon

June 7, 2011 (3:00 p.m. - 5:00 p.m.)
Fifth Annual Summer & First Year Associate Pro Bono Training Program

Location: Omni Hotel, Downtown Los Angeles

Topics Covered:
* Importance of Transactional Pro Bono Representation and Law Firms' Participation in the Pro Bono Challenge
* Overview of Tax Exempt Organizations
* Basic Steps to Form a Tax-Exempt Non Profit Public Benefit Corporation in California
* Opportunities to Get Involved in Transactional Pro Bono Work

* Nanaz Benyamini, Deloitte Tax, LLP
* Christian Canas, Public Counsel
* Moshe Kushman, Skadden Arps, LLP
* Louis E. Michelson, Law Offices of Louis E. Michelson, APC

Click here for more information.

October 27th and 28th, 2011
44th Annual Securities Regulation Seminar
Millennium Biltmore Hotel, Los Angeles


Developments at the SEC

The SEC adopted final rules to implement the Securities Whistleblower Incentives and Protection section of the Dodd-Frank Act and the proposed rule to disqualify Felons & Bad Actors from Rule 506 offerings. Check out the following important links.

Implementation of the Whistleblower Provisions of Section 21F of the Securities Exchange Act of 1934 http://www.sec.gov/rules/final/2011/34-64545.pdf.

Disqualification of Felons and Other "Bad Actors" From Rule 506 Offerings http://www.sec.gov/rules/proposed/2011/33-9211.pdf

Heard from California Department of Corporations

California Corporations Commissioner adopted New Rule 260.004.1 under the Corporations Securities Law of 1968 relating to Associated Persons of an Issuer in the context of "broker-dealer." The rule, which takes effect on June 3, 2011, is attached to the following link.

Pro Bono Corner

Several meaningful opportunities to offer pro bono legal services are available in Southern California region. These projects also provide the transactional attorneys opportunities to bring their in-depth expertise in consumer protection laws to the benefit of many who are otherwise unable to afford legal services. Our section encourages its members to volunteer their time. To find out more about current pro bono projects seeking attorneys, please check out the SoCal Pro Bono Center at www.probono.net/ca/socal/

Los Angeles County Bar Association
2010-11 Business & Corporate Law Section
Officers and Executive Committee Members

David Eisman

Vice Chair
Harumi Hata

Immediate Past-Chair
Robert Carlson


Mara Morner - Ritt

Theresa Leets

Co-Program Chair
Steven Stokdyk

Co-Program Chair
Natalie Maniaci

Marketing & Membership Chair
Rajnish Puri

Section Administrator
Kyan Coward

Law School Liaison, Therese Maynard
NASD Representative, David A. Greene
Calif. Dept. of Corporations Rep., Theresa Leets
Corporate Law Depts. Rep., Lois M. Jacobs
SEC Representative, Martin J. Murphy
SEC Representative, Rosalind R. Tyson
Large Firms, Richard S. Kolodny