Haynes and Boone, LLP secured a win before the 9th U.S. Circuit Court of Appeals.
In a case involving breach of fiduciary duty claims, Haynes and Boone persuaded the appeals court to affirm a take-nothing judgment dismissing the claims against firm client Mentor Graphics without leave to amend.
The outcome of the appeal turned largely on the enforceability of a Delaware choice-of-law provision. The 9th Circuit panel, ruling on April 16, adopted Mentor Graphics’ position that, regardless of whether there are differences in the scope of a majority shareholder’s fiduciary duties in California and Delaware, those differences do not rise to the level of a fundamental policy that would merit invalidating a freely negotiated choice-of-law provision.
Mentor Graphics Corporation manufactures, markets, and supports software and hardware electronic design automation products. The company, led by Walden C Rhines, Bernd Haetzel and Michael F Ellow, in 2017 recorded $1.282 Billion Revenues.
Haynes and Boone, LLP advised Metero Graphics with a teams including Polly Fohn (Picture), Mark Erickson and Associate David Clark.
Law Firms: Haynes and Boone;
Clients: Mentor Graphics Corporation;