Security News
Delaware Court of Chancery Retroactively Applies Texas Forum Selection Clause to Dismiss Derivative Lawsuits
UnknownApr 23, 2026(11 days ago)
The Delaware Court of Chancery dismissed derivative lawsuits against Tesla based on a Texas forum selection clause.
On April 13, 2026, Vice Chancellor Bonnie W. David of the Delaware Court of Chancery dismissed three derivative lawsuits pursuant to a bylaw that designated Texas as the exclusive forum for derivative lawsuits, adopted in connection with Tesla’s reincorporation from Delaware to Texas.... By: Vinson & Elkins LLP