Law360, Wilmington (February 07, 2012, 8:29 PM ET) -- Shareholders launched several putative class actions Monday challenging bylaws adopted by Chevron Corp., Priceline.com Inc. and others that bind investors to litigate a broad range of corporate disputes only in the Delaware Chancery Court.
The six nearly-identical lawsuits, all filed in the Chancery Court, allege the bylaws create a “heads I win, tails you lose” scenario where the companies can consent to a different forum, but absent such consent, shareholders and other parties under the corporate umbrella must have their claims heard in the venerable Delaware...
Investors Unleash Flurry Of Suits Over Del. Court Forum Bylaws
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