En Banc Panel of Ninth Circuit Enforces Forum Selection Clause To Dismiss Derivative Securities Claims, Confirming Circuit Split

Westlaw Today

Mark R.S. Foster Cliff C. Gardner Edward B. Micheletti Virginia F. Milstead Peter B. Morrison Susan L. Saltzstein Shaud G. Tavakoli

Skadden attorneys discuss how the decision in Lee v. Fisher, by an en banc Ninth Circuit panel, enforces a Delaware forum selection clause in Gap Inc.’s corporate bylaws to dismiss a Section 14(a) claim, reviving a circuit split with the Seventh Circuit.