Delaware High Court Reverses Federal Forum Provision Ruling In Securities Suit

Mealey's (March 19, 2020, 2:00 PM EDT) -- WILMINGTON, Del. — The Delaware Supreme Court on March 18 ruled that federal forum provisions (FFPs) in the charters of several Delaware corporations requiring that actions arising under the Securities Act of 1933 be filed in federal court are valid and can survive a facial challenge under Delaware law (Matthew B. Salzberg, et al. v. Matthew Sciabacucchi, No. 346, 2019, Del. Sup., 2020 Del. LEXIS 101)....