Corporate
Jan. 6, 2011
Oracle Bylaws Can't Forestall Suit
A bylaw passed by Oracle Corp.'s board of directors that requires shareholder derivative suits to be filed in Delaware can't be used to dismiss a pair of derivative lawsuits filed in the Northern District, a federal judge ruled late Monday.
Daily Journal Staff Writer
SAN FRANCISCO - A bylaw passed by Oracle Corp.'s board of directors that requires shareholder derivative suits to be filed in Delaware can't be used to dismiss a pair of derivative lawsuits filed in the Northern District, a federal judge ruled late Monday.
No other judge has ruled on the validity of such bylaws, called forum selection clauses. The clauses have become more common in the last y...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In