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Limits on Imposing Liability for Wrongful Death

March 25, 2014
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There are some examples of wrongful death cases in which the law clearly establishes a family has a right to recover damages for the loss of a loved one.  When a negligent driver of a car collides with another vehicle killing one of its passengers, that passenger’s family or representative possesses a right to bring […]

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Tax Court Reaffirms View Concerning Gain on Abandoned Property

March 24, 2014
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A woman in 2005 purchased a residence in Sacramento which she resided in until 2006. She paid $333,239 for the home. But she moved to San Francisco and decided to rent out the home in 2007. On her 2007 income tax return she listed the receipts from her tenant as rental income and also claimed […]

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Foreign Corporation Not Subject to Suit under California Winding Up Provision

March 21, 2014
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Earlier this year the California Supreme Court reaffirmed the view that the time to file a suit against a dissolved foreign corporation – one formed in another state – is governed by the law of that foreign state. In Greb v. Diamond International Corporation , the Court held that Corporations Code Section 2010 does not apply […]

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Citalopram May Cause Serious Side Effects

March 20, 2014
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The anti-depressant, Citalopram (also known by the brand name “Celexa”) causes a serious of side effects to patients who take the prescription drug. Most notably, Citalopram can cause pregnant women to have children with severe lung problems. People suffering from depression should, according to the FDA, tell their doctor if they have any of the […]

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Treatment of Term Life Insurance Policies in California Divorce Cases

March 19, 2014
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As a community property state, California treats property obtained during marriage to be the community property of both spouses. This applies to life insurance policies.  For an investment life insurance policy, which accrues value as premiums are paid on the policy, California law utilizes an apportionment policy in the event the spouses get divorced. Generally […]

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State’s Attorney General Bringing Dissolution Action

March 14, 2014

Shareholders, directors, and other individuals expressly authorized to dissolve the corporation are not the only ones with the capacity to demand the dissolution of a corporation. The Attorney General of California can move to have a corporation dissolved as well. California Corporations Code Section 1801(a) provides the following grounds necessary for an involuntary dissolution by […]

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