By

Sarah Iftekhar

01 September 2020

California Court Upholds Delaware Corporation’s Exclusive Federal Forum Charter Provision

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The Superior Court of California, County of San Mateo, recently enforced a Delaware corporation’s charter provision mandating that claims brought under the Securities Act of 1933 be filed in a federal court. This marked the first decision outside of Delaware to enforce an exclusive federal forum provision since the Delaware Supreme Court decided in March 2020 that such provisions are valid under Delaware law.

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