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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…

Samantha Alman, Alan R. Friedman, Arthur H. Aufses III, 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…

Alan R. Friedman, Arthur H. Aufses III, 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…

Samantha Alman, Alan R. Friedman, Arthur H. Aufses III, 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…

Samantha Alman, Alan R. Friedman, Arthur H. Aufses III, Kerri Ann Law, Gary P.Naftalis, Nolan J. Robinson

New York Proposes Groundbreaking Fashion Sustainability Legislation

USA - February 9 2022 In January, the New York State Assembly and Senate introduced identical bills seeking to impose broad environmental, social and governance (ESG)…

Alan R. Friedman, Arielle Warshall Katz, Jamie D. Kocis, John "Luke" Pizzato, Jordan M. Rosenbaum, Steven S. Sparling