Circuits Split on Whether Derivative Section 14 Claims Are Subject to Delaware Court of Chancery Forum Bylaws

Reuters Legal News

Peter B. Morrison Virginia F. Milstead Raza Rasheed

Partners Peter Morrison and Virginia Milstead and associate Raza Rasheed look at a split between circuit courts as to whether corporate bylaws requiring stockholders to bring derivative claims in the Delaware Court of Chancery can be applied to claims brought derivatively under Section 14(a) of the Securities Exchange Act of 1934.