A SolarWinds Corp. investor’s suit over a cyberattack was dismissed when a federal court in Texas endorsed the power of corporate bylaws to select inhospitable venues for derivative suits, an issue that has divided federal appeals courts.
The “obligation to hear cases within a court’s exclusive jurisdiction is outweighed by the strong presumption in favor of enforcing such clauses,” Judge Robert Pitman said Wednesday for the US District Court for the Western District of Texas.
The decision came soon after a Gap Inc. investor asked the full US Court of Appeals for the Ninth Circuit to rehear her case to ...
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