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Cravath Win Precedent-Setting Victory for Delaware Corporations

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On September 8, 2014, Chancellor Andre G. Bouchard of the Delaware Court of Chancery granted Cravath’s motion to dismiss in its entirety a putative class action lawsuit filed by the City of Providence on behalf of shareholders of First Citizens BancShares, Inc. (“First Citizens North”). The suit challenged the company’s forum-selection bylaw — adopted on […]

          

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