Morgan Stanley amends bylaws to designate exclusive forum for certain suits

MORGAN STANLEY

On Dec 7, 2023, board approved amendment to Amended and Restated Bylaws, effective immediately.
Designates Delaware Court of Chancery (or federal district court of Delaware) as exclusive forum for certain internal corporate actions.
Designates federal district courts as exclusive forum for claims under the Securities Act of 1933.
Company may consent to alternative forum if it chooses; otherwise forum provisions are mandatory.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

MORGAN STANLEY: Amended bylaws to designate exclusive forum for certain actions and federal securities claims (effective 2023-12-07).

Change: bylaw amendment
Effective: 2023-12-07

Exact text from the filing

On December 7, 2023, the Board of Directors of Morgan Stanley (the “Company”) approved and adopted an amendment to the Company’s Amended and Restated Bylaws (the “Bylaws”), effective as of December 7, 2023, to designate (i) the Court of Chancery of the State of Delaware or, if such court does not have subject matter jurisdiction, the federal district court of the State of Delaware, as the exclusive forum for bringing certain actions against the Company, and (ii) the federal district courts of the United States as the exclusive forum for bringing claims under the Securities Act of 1933, as amended, in each case, unless the Company otherwise consents to an alternative forum.

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Source: SEC EDGAR

accession 0000950103-23-017337

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