Effective January 1, 2023, California Corporations Code Section 119 allows for corporate ratification and judicial validation of noncompliant corporate actions similar to Delaware General Corporation Law Sections 204 and 205, and Nevada’s Revised Statutes Section 78.0296.
In this edition of Dechert’s Securities & Derivative Litigation Quarterly Update, we examine (1) a California appellate court decision upholding a federal forum selection provision; (2).