The Impact of Boilermakers v. Chevron
Directors of Delaware corporations can now prohibit the corporation’s stockholders from suing them anywhere except Delaware. This is the long-awaited result of a June 25, 2013 decision in Boilermakers Local 154 Retirement Fund, et al., v. Chevron Corp., et al. , C.A. No. 7220-CS (June 25, 2013, Del. Ch.). In Boilermakers, the Delaware Court of