Skadden Discusses California Decision Upholding Uber’s Federal Forum Charter Provision

The CLS Blue Sky Blog

Peter B. Morrison Virginia F. Milstead Zachary Faigen

Peter Morrison, Virginia Milstead and Zachary Faigen review the second California state court decision to uphold a federal forum selection charter provision requiring lawsuits brought under the Securities Act to be filed in federal court. The ruling dismissed a putative securities class action against Uber, certain individuals and the underwriters of Uber's IPO on the grounds of inconvenient forum.