Delaware Supreme Court

Case Status


Docket Number

346, 2019


Case Updates

Delaware Supreme Court unanimously upholds legality of corporate bylaws requiring claims under the Securities Act of 1933 to be brought in federal court instead of state court

March 18, 2020

This significant decision will enable companies incorporated in Delaware to avoid state court litigation under the Securities Act, thus minimizing the impact of the Cyan decision from the U.S. Supreme Court.

U.S. Chamber files amicus brief in Delaware Supreme Court arguing that Delaware law permits corporations to adopt charter provisions that require shareholders to bring claims under the Securities Act of 1933 in federal court, rather than in state court

September 27, 2019

Click here to view the Chamber’s amicus brief.

Anthony A. Rickey of Margrave Law LLC, as well as Theodore N. Mirvis, George T. Conway III, and Ryan A. McLeod of Wachtell, Lipton, Rosen & Katz served as co-counsel for the U.S. Chamber of Commerce on behalf of the U.S. Chamber Litigation Center.

Case Documents