California Court of Appeal
Drulias v. 1st Century Bancshares, Inc., 045049
Affirmed that a proposed shareholder class action could not proceed in a California court. The proper jurisdiction was Delaware because the defendant corporation had adopted a bylaw designating Delaware as the exclusive litigation forum for intra-corporate disputes. The forum selection bylaw was enforceable even though it had been adopted without stockholder consent.
Appellate Information
- Decided
- Published 2018/12/21
Judges
- Elia
Court
- California Court of Appeal