Alerts5.29.20
Delaware Supreme Court Holds Federal Forum Provisions Valid
Highlights
The Delaware Supreme Court upheld the validity of federal forum provisions in corporate charters
The provisions give corporations a way to avoid having to simultaneously litigate securities disputes in both state and federal court
Delaware corporations should consider adopting a federal forum provision to save company resources and prevent duplicative litigation
The Delaware Supreme Court recently upheld forum-selection provisions that require all Securities Act of 1933 claims to be litigated in federal court as facially valid.
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