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Ninth Circuit Agrees To Rehear Derivative Suit Previously Dismissed Based on Forum Selection Bylaw

USA - November 2 2022 The Ninth Circuit Court of Appeals recently agreed to rehear en banc the dismissal—based on a Delaware exclusive forum selection bylaw provision—of a…

Jonathan M. Wagner, Samantha Alman, Alan R. Friedman, Kerri Ann Law, Gary P.Naftalis

SEC Rejects Rule 10b5-1 Defense in Enforcement Action Against Cheetah Mobile Executives

USA - September 21 2022 On Sept. 21, 2022, the Securities and Exchange Commission (SEC) announced that it brought an enforcement action against two executives of Cheetah…

Jonathan M. Wagner, Alan R. Friedman, Todd E. Lenson, Daniela C. Manzi, Thomas E. Molner, Jordan M. Rosenbaum

9th Circuit Affirms Dismissal of Derivative Suit in Favor of Forum Selection Clause Designating Delaware Court of Chancery as Exclusive Forum for All Derivative Claims

USA - May 19 2022 As we have previously discussed (here), Lee v. Robert J. Fisher et al., Case No. 20 Civ. 6163 (N.D. Ca.), is one of a growing number of derivative…

Jonathan M. Wagner, Samantha Alman, Alan R. Friedman, Kerri Ann Law, Gary P.Naftalis, Nolan J. Robinson

California Appellate Court Affirms Lower Court Decision Enforcing Federal Forum Selection Clause in Company’s Charter

USA - May 9 2022 As previously discussed in our Sept. 10, 2020, client alert, in Wong v. Restoration Robotics, Inc., Case No. 18-CIV-02609 (Cal. Super. Ct. Sept. 1…

Jonathan M. Wagner, Samantha Alman, Alan R. Friedman, Kerri Ann Law, Gary P.Naftalis, Nolan J. Robinson

Seventh Circuit Denies the Enforceability of Boeing’s Forum-Selection Bylaw, Reviving Derivative Suit

USA - January 14 2022 As discussed in a previous client alert (here), The Boeing Company (Boeing) has faced shareholder litigation arising from the fatal crashes of two 737…

Jonathan M. Wagner, Samantha Alman, Michael J. Dell, Alan R. Friedman, Kerri Ann Law, Gary P.Naftalis, Nolan J. Robinson