On behalf of Daniel Watkins of Watkins Firm, A Professional Corporation posted on Friday, October 22, 2010. An important decision affecting businesses and business law in California came out of the Ninth U.S. Circuit Court of Appeals yesterday. The court rejected arguments that a corporation’s creditors should be prevented from suing shareholders in California state court under...
Proposed Merger for MGM and Lions Gate
On behalf of Daniel Watkins of Watkins Firm, A Professional Corporation posted on Tuesday, October 12, 2010. The Metro-Goldwyn-Mayer movie studio has been putting together a reorganization plan for Chapter 11 bankruptcy, part of which is that Spyglass Entertainment would take over management of the studio. Now Lions Gate has offered a merger agreement with...
Pool Supply Contract Case May Bring $1 Million in Damages
On behalf of Daniel Watkins of Watkins Firm, A Professional Corporation posted on Thursday, October 7, 2010. A recent California contract law case ended with a verdict that for the plaintiff, a company that helped put a manufacturer’s pool cleaning supplies in stores. The manufacturer, Water Tech, failed to live up to its signed contract, according...
Chamber Sues SEC Over Shareholders’ Ability to Oust Directors
On behalf of Daniel Watkins of Watkins Firm, A Professional Corporation posted on Tuesday, October 5, 2010. The Securities and Exchange Commission is being sued by the U.S. Chamber of Commerce, the nation’s biggest business lobby, and the Business Roundtable. The suit seeks to overturn a rule that makes it easier for corporate shareholders to remove...
Joint Venture Announced: Leap and Pocket Communications
On behalf of Daniel Watkins of Watkins Firm, A Professional Corporation posted on Friday, October 1, 2010. Leap Wireless International, Inc., and Pocket Communications have announced that they have formed a Leap-controlled and managed joint venture. San Diego-based Leap is a leading provider of wireless communications services, and Pocket will give the joint venture customers and coverage in Texas...