Publication Date: 2020-04-01
Practice Area: Securities Litigation
Industry: E-Commerce
Court: Delaware Supreme Court
Judge: Justice Valihura
Attorneys: For plaintiff: Jason M. Leviton, Joel A. Fleming, Lauren Godles Milgroom and Amanda R. Crawford, Block & Leviton LLP, Boston, MA for plaintiff.
for defendant: William B. Chandler, III, Bradley D. Sorrels, Lindsay Kwoka Faccenda, Andrew D. Berni, Wilson Sonsini Goodrich & Rosati, P.C., Wilmington, DE; Boris Feldman and David J. Berger. Wilson Sonsini Goodrich & Rosati, P.C., Palo Alto, CA for defend-ants Lake, Anderson, Gurley, Hansen, McCollam, Wood, Ahuja, Carolan, Hastings, Hendricks, Hunt, Leff, Rothrock, Stitch Fix, Inc and Roku, Inc. Catherine G. Dearlove, Anthony M. Calvano and Tyre Tindall, Richards Layton & Finger, P.A., Wil-mington, DE; Michael T. Bongiorno, Wilmer Cutler Pickering Hale & Dorr, LLP, New York, NY; Timothy J. Perla, Wilmer Cutler Pickering Hale & Dorr, LLP, Boston, MA for defendants Salzberg, Bradley, Cool, Fox, Goodman, Hirshberg, Kelley and Blue Apron Holdings, Inc. Kurt M. Heyman, Melissa N. Donimirski and Aaron M. Nelson, Heyman Enerio Gattuso & Hirzel LLP, Wilmington, DE.
Case Number: Valihura
Federal forum provisions contained in corporate charters that required actions arising under federal securities law to be filed in a federal court were facially valid. Reversed.