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Proskauer Rose LLP | USA | 13 May 2022

Ninth Circuit Upholds Delaware-Forum Bylaw That Precludes Assertion of Federal Proxy Claim

The Court of Appeals for the Ninth Circuit affirmed the dismissal of a shareholder derivative action in light of an exclusive-forum bylaw requiring…
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DLA Piper | USA | 12 May 2022

California court approves enforcement of federal forum selection provision for Securities Act claims: Practical implications of Wong v. Restoration Robotics

The decision of the California Court of Appeal, First Appellate District in Wong v. Restoration Robotics, Inc. is the first authoritative California…
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Jackson Lewis PC | USA | 11 May 2022

Delaware Paid Family and Medical Leave Law Signed

On May 10, 2022, Delaware Governor John Carney signed the Healthy Delaware Families Act, which provides up to 12 weeks of leave and benefits to…
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Sidley Austin LLP | USA | 11 May 2022

All Roads Lead to Fair Price: The Tesla Decision

The Delaware Chancery Court’s recent post-trial decision in In re Tesla Motors, Inc. Stockholder Litigation, C.A. No. 12711-VCS (April 27, 2022)…
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Blank Rome LLP | USA | 10 May 2022

Paid Family Leave Is Coming to Delaware

On May 10, 2022, Governor John Carney signed into law the Healthy Delaware Families Act, which will make Delaware the 11th state in the country to…
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Dechert LLP | USA | 10 May 2022

Delaware Court of Chancery Finds Tesla’s Acquisition of SolarCity “Entirely Fair”

The Delaware Court of Chancery issued its decision in In re Tesla Motors, Inc.,1 on April 27, 2022, rejecting claims that Tesla, Inc. CEO Elon Musk…
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Sidley Austin LLP | USA | 9 May 2022

More Pushback to Disclosure-Only Settlements

A recent decision from the United States District Court for the Southern District of New York represents a significant further development in…
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Skadden Arps Slate Meagher & Flom LLP | USA | 6 May 2022

California Court of Appeal Upholds Federal Forum Provision

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…
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Seyfarth Shaw LLP | USA | 5 May 2022

The Grundfest Solution Works Again and Corporate Counsel of Public Companies Should Take Notice of the Upside of Federal Forum Selection Clauses

On April 28, 2022, the California Court of Appeals became the first appellate court outside of Delaware to uphold a federal forum provision (“FFP”)…
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Taft Stettinius & Hollister LLP | USA | 4 May 2022

Delaware Chancery Approves Deadlocked Board’s Stock Issuance Designed to Dilute Shareholder Equity and Block Custodianship Suit

Can a Board of Directors intentionally disenfranchise a 50% shareholder to break a deadlock while also acting with sufficient good faith to avoid…
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