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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, Arthur H. Aufses III, Gary P.Naftalis, Nolan J. Robinson

Court Finds California Board Gender Diversity Statute Unconstitutional

USA - May 19 2022 On May 13, the Superior Court of California, County of Los Angeles, issued a verdict following a bench trial that effectively struck down SB 826, a…

Samantha Alman, Christopher Auguste, Alan R. Friedman, Jamie D. Kocis, Shari Kahn Krouner, Todd E. Lenson, Thomas E. Molner, Nolan J. Robinson, Jordan M. Rosenbaum, Steven S. Sparling

The SEC’s Climate and ESG Task Force Charges Vale S.A. With Securities Fraud

USA - May 17 2022 On April 28, the Securities and Exchange Commission (SEC) filed a complaint against the Brazilian mining company Vale S.A., alleging that the company…

Alan R. Friedman, Arielle Warshall Katz, Todd E. Lenson, Gary P.Naftalis, John "Luke" Pizzato, Jordan M. Rosenbaum, Steven S. Sparling

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, Arthur H. Aufses III, Gary P.Naftalis, Nolan J. Robinson

Court Concludes That California Board Diversity Statute Is Unconstitutional

USA - April 11 2022 On April 1, 2022, the Superior Court of California, County of Los Angeles, granted a summary judgment motion that effectively struck down AB 979, a…

Samantha Alman, Christopher Auguste, Alan R. Friedman, Jamie D. Kocis, Shari Kahn Krouner, Todd E. Lenson, Thomas E. Molner, Nolan J. Robinson, Jordan M. Rosenbaum, Steven S. Sparling