Unpaid Wages, Unpaid Bonuses, Unpaid Commissions

Unpaid Wages, Unpaid Bonuses, Unpaid Commissions

In an earlier blog post, we highlighted that under California statutory law, “wages” are broadly defined, and that case law has specifically included “bonuses” in the definition of wages. Why it matters…. Pursuant to California Labor Code § 201 et.…

Definition of Wages

Definition of Wages

What amounts are included in wages? We get variations on this question all the time including, “Is my bonus part of my wages?” The Law Wages are defined under California Labor Code § 200 to include “all amounts for labor…

§ 1031 Exchanges

§ 1031 Exchanges

What is a §1031 Exchange? Section 1031 provides for “Nonrecognition of gain or loss from exchanges solely in kind: (1) In general. No gain or loss shall be recognized on the exchange of property held for productive use in a trade…

Commercial Leasing: Surrender and Termination

Commercial Leasing: Surrender and Termination

In the current recession, commercial landlord’s are just beginning to feel the pressure from tenants seeking rent concession or the outright elimination of their rent obligation. See Wall Street Journal, “Struggling Retailers Press Struggling Landlords on Rent”, January 2009. There…

Breach of Fiduciary Duty: Majority Shareholders

Breach of Fiduciary Duty: Majority Shareholders

Majority shareholders may be held liable for damages for breach of a fiduciary obligation to minority shareholders, Jones v. H. F. Ahmanson & Co., 1 Cal.3d 93, 81 Cal.Rptr. 592, 460 P.2d 464; Brown v. Halbert, 271 A.C.A. 307, 316, 76 Cal.Rptr.…