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Section 17200 is a strict liability statute that has no such requirement. [34] In addition, section 17500 carries criminal penalties, whereas only civil remedies are available for section 17200 violations. Plaintiffs suing under Sections 17200 or 17500 often also assert violations of the California Consumers Legal Remedies Act (CLRA), set forth ...
In October 2010, the SEC settled the lawsuit and Mozilo was required to pay a fraction of the $521.5 million he had earned, just $67.5 million in penalties and disgorgement. [ 3 ] [ 4 ] In August 2009, the SEC filed a suit against Bank of America , alleging that the bank failed to disclose $3.6 billion in bonuses that Merrill Lynch paid its ...
Form 10-K405 is an SEC filing to the US Securities and Exchange Commission (SEC) that indicates that an officer or director of a public company failed to file a Form 4 (or related Form 3 or Form 5) on time, in violation of Section 16 - meaning that they did not disclose their insider trading activities within the required time period.
The Securities Exchange Commission has filed suit against Elon Musk, alleging that he violated securities law.
California Assembly Bill 5 (2019) California State Legislature; Full name: An act to amend Section 3351 of, and to add Section 2750.3 to, the Labor Code, and to amend Sections 606.5 and 621 of the Unemployment Insurance Code, relating to employment, and making an appropriation therefor: Introduced: 2018-12-03: Assembly voted: 2019-09-11 (56 ...
The Unruh Civil Rights Act (colloquially the "Unruh Act") is an expansive 1959 California law that prohibits California businesses from engaging in unlawful discrimination against all persons (consumers) within California's jurisdiction, where the unlawful discrimination is in part based on a person's sex, race, color, religion, ancestry, national origin, age, disability, medical condition ...
The California Consumers Legal Remedies Act ("CLRA") is the name for California Civil Code §§ 1750 et seq. [1] The CLRA declares unlawful several "methods of competition and unfair or deceptive acts or practices undertaken by any person in a transaction intended to result or which results in the sale or lease of goods or services to any consumer". [2]
Although practitioners use popular names to refer to federal securities laws, these laws are generally codified in the U.S. Code, which is the official codification of U.S. statutory law. They are contained in Title 15 of the U.S. Code: for example, the official code citation for Section 5 of the Securities Act of 1933 is 15 U.S.C. section 77e.