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Delaware Supreme Court Green Lights Federal-Forum Charter Provisions

By Roger A. Cooper, Jared Gerber, Mark E. McDonald & Leslie N. Silverman on March 23, 2020
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On March 18, 2020, the Delaware Supreme Court issued an opinion in the closely watched appeal in Sciabacucchi v. Salzberg, a case involving a challenge to charter provisions of three Delaware corporations requiring stockholder plaintiffs to litigate claims under the Securities Act of 1933 (the “1933 Act”) in federal court. The en banc Supreme Court unanimously upheld such provisions against the plaintiffs’ facial challenge, reversing the Delaware Court of Chancery’s prior decision in this case.

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  • Posted in:
    Corporate & Commercial
  • Blog:
    Cleary M&A and Corporate Governance Watch
  • Organization:
    Cleary Gottlieb Steen & Hamilton LLP
  • Article: View Original Source

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