Roberts v. TriQuint Semiconductor, Inc.
Oregon Supreme Court
364 P.3d 328 (2015)
TriQuint Semiconductor (codefendant), incorporated in Delaware but headquartered in Oregon, had its board adopt a bylaw designating Delaware as the required forum for internal corporate disputes just two days before announcing a merger. Shareholders opposing the merger, including Donald Roberts (plaintiffs), filed suits in both Delaware and Oregon, and TriQuint moved to dismiss the Oregon suits under the new bylaw; the trial court refused, reasoning that the bylaw's timing effectively stripped shareholders of their ability to modify or repeal it before it took effect. TriQuint appealed.
Whether the law of the state of incorporation governs whether a corporation's directors may unilaterally adopt a forum-selection bylaw for internal corporate disputes.