In this issue:
- Oregon State Court Refuses to Enforce Forum Selection Bylaw
- SEC Announces Pilot Program to Widen Tick Sizes for Smaller Companies
- NFA Issues Notice Setting Effective Date for Risk Exposure Report Filing Through WinJammer
- CFTC Staff Issues Interpretation of Secured Amount Depository Requirements
- Second Circuit Holds Contractual Forum Selection Clause Supersedes FINRA Mandatory Arbitration Rule
- Delaware Court Denies Attorneys’ Fees for Stockholders in Appraisal Proceedings
- SEC Charges Executive With Insider Trading Ahead of Client Announcements
- Financial Conduct Authority Provides Guidance on Its Approach to Attestations for FCA Authorized Firms
- A Reminder About Careful Drafting of Confidentiality Clauses
- Update on Timing and Scope of ESMA Clearing Obligations
- Excerpt from Oregon State Court Refuses to Enforce Forum Selection Bylaw:
In Roberts v. TriQuint Semiconductor, Inc., No. 1402-02441 (Cir. Ct. Or. Aug 14, 2014), an Oregon state court, breaking with state courts in California, Illinois, New York and Texas, held that the bylaw of a Delaware corporation providing for derivative actions and other intra-corporate claims to be litigated exclusively in Delaware was unenforceable. TriQuint’s board adopted the bylaw on the same day that it approved entering into a merger of equals with RF Micro Devices, Inc.
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