Investors Unleash Flurry Of Suits Over Del. Court Forum Bylaws

Law360, Wilmington (February 7, 2012, 8:29 PM EST) -- Shareholders launched several putative class actions Monday challenging bylaws adopted by Chevron Corp., 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...
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