Split En Banc 9th Circuit: Gap Inc. Shareholder’s Fraud Case Filed In Wrong Forum

(June 13, 2023, 12:47 PM EDT) -- SAN FRANCISCO — A divided en banc Ninth Circuit U.S. Court of Appeals ruled that a shareholder in The Gap Inc. could not bring a lawsuit alleging violation of securities laws in California federal court because a clause in the company’s bylaws mandates that any litigation against it must be filed in Delaware state court....

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