Ninth Circuit Enforces Exclusive Forum Bylaw, Creating Split With Seventh Circuit

Harvard Law School Forum on Corporate Governance

Peter B. Morrison Virginia F. Milstead Raza Rasheed

Partners Peter Morrison and Virginia Milstead and associate Raza Rasheed discuss a split between the Seventh and Ninth Circuits as to whether to apply a corporate bylaw requiring derivative actions to be filed in the Delaware Court of Chancery even though the stockholder alleges a federal securities law claim.