Delaware lululemon Decision Continues Delaware Trend Deferring to Judgments in First-Decided Action in Multi-Forum Derivative Litigation
Last week’s dismissal by the Delaware Court of Chancery of a derivative action in the lululemon securities litigation marks the latest in a series of Court of Chancery decisions giving preclusive effect to decisions by courts outside of Delaware involving corporate governance issues governed by Delaware law.
In this alert, we discuss related cases, analyze the decision, and provide key takeaways on the ruling.
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