Chancellor Says Delaware Corporations' Forum Selection Bylaws Are Valid

Chancellor Says Delaware Corporations' Forum Selection Bylaws Are Valid

WILMINGTON, Del. - A Delaware chancellor granted a motion to dismiss a pair of shareholder lawsuits on June 25, finding that forum selection corporate bylaws adopted by the boards of two companies are valid (Boilermakers Local 154 Retirement Fund, et al. v. Chevron Corporation, et al., No. 7220-CS, Del. Chanc. and Iclub Investment Partnership v. Fedex Corporation, No. 7238-CS, Del. Chanc.; 2013 Del. Ch. LEXIS 154).

Find full version on lexis Advance®
Access this news story on lexis.com®