Split 7th Circuit Panel: Boeing Forum Bylaw Not In Line With Delaware Law

Mealey's (January 12, 2022, 1:20 PM EST) -- CHICAGO — In a 2-1 decision, a Seventh Circuit U.S. Court of Appeals panel on Jan. 7 ruled that a federal district court erred in dismissing a shareholder derivative lawsuit against 26 current and former executive officers and directors of Boeing Co. on the basis of forum non conveniens because a Boeing bylaw requiring derivative lawsuits against the company to be brought in Delaware state court runs afoul of Delaware corporation law....