Steele and Mozal Discuss Why the Mallory Ruling Should Not Affect Stockholder Litigation for Well-Prepared Corporations
The United States Supreme Court’s fractured ruling in Mallory v. Norfolk Southern addressed personal jurisdiction under a Pennsylvania law that required out-of-state corporations to consent to jurisdiction for “any cause of action” as part of registering to do business in the Commonwealth. Other commentators have covered varying aspects and implications of the case, but we write to highlight that the opinion should not be read to limit the ability of Delaware corporations to use exclusive forum provisions to govern internal corporate claims.
Read the full article on the Business Law Today website here.
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