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Ninth Circuit Enforces Exclusive Forum Bylaw in Derivative Suit Asserting a Section 14(a) Claim, Creating Split With Seventh Circuit

USA - May 19 2022 On May 13, 2022, the U.S. Court of Appeals for the Ninth Circuit held that a corporate bylaw requiring stockholders to bring derivative claims in the…

Peter B. Morrison, Raza Rasheed

Inside the Courts - An Update From Skadden Securities Litigators - May 2022

USA - May 19 2022 This quarter’s issue includes summaries and associated court opinions of selected cases principally decided between February and April 2022…

James R. Carroll, Eben P. Colby, Jack P. DiCanio, Alexander C. Drylewski, Lara A. Flath, Robert A. Fumerton, Cliff C. Gardner, Michael S. Hines, Jay B. Kasner, Matthew R. Kipp, Bradley A. Klein, Marcie Lape, Joseph O. Larkin, Paul J. Lockwood, David Meister, Edward B. Micheletti, Peter B. Morrison, Scott D. Musoff, Alisha Q. Nanda, Jenness E. Parker, Noelle M. Reed, Patrick G. Rideout, Jason D. Russell, Susan L. Saltzstein, Chuck Smith, Jennifer C. Voss, George A. Zimmerman

California Trial Court Strikes Down Women on Boards Law

USA - May 17 2022 On May 13, 2022, a judge of the Los Angeles County Superior Court ruled in Crest v. Padilla, Case No. 19STCV27561, that California’s statute requiring…

California Court of Appeal Upholds Federal Forum Provision

USA - May 6 2022 In the first published decision of a court of appeal outside Delaware, on April 28, 2022, the California Court of Appeal in Wong v. Restoration…

Peter B. Morrison

California Trial Court Strikes Down Law Requiring Members of ‘Underrepresented Communities’ on Public Company Boards

USA - April 5 2022 In the first test of a state’s board-diversity requirement, a Los Angeles County Superior Court judge has entered summary judgment in favor of the…