Kaul, et al. v. Mentor Graphics Corp.

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.

Involved fees earner: Polly Fohn – Haynes and Boone; Mark Erickson – Haynes and Boone; David Clark – Haynes and Boone;

Law Firms: Haynes and Boone;

Clients: Mentor Graphics Corporation;

Author: Ambrogio Visconti