Good Standing Certificates in California

Posted on December 7, 2021 by Richard Burt

California does not issue good-standing certificates under that name. For what is referred to in other states as a “good standing certificate,” the California Secretary of State will issue a CERTIFICATE OF STATUS certifying to the current status of an … Continue reading →

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Corporate Spin-Off Does Not Transfer Insurance Coverage

Posted on September 6, 2012 by Richard Burt

In Fluor Corp. v. Superior Court (2012), the court held that an insurance policy’s clause requiring the insurer’s consent to an assignment of rights under the policy was valid. Fluor Corporation (here called Fluor-1) was formed in 1924 Fluor-2 was … Continue reading →

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Springing Covenant Not to Compete Not Enforceable

Posted on September 6, 2012 by Richard Burt

In Fillpoint, LLC v. Maas (2012), a court struck down a covenant not to compete that would take effect only upon termination of employment where the covenant was in addition to a covenant not to compete that was given in … Continue reading →

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Shareholder Loses Standing to Maintain Derivative Action After Merger

Posted on September 6, 2012 by Richard Burt

In Villari v. Mozilo (2012) 208 Cal. App. 4th 1470, the court held that under Delaware law a shareholder who was a plaintiff in a shareholder derivative action lost standing to maintain that action once a merger resulted in the … Continue reading →

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