California Court of Appeal

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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

Counsel