other material
confidence high
sentiment neutral
materiality 0.10
Celanese amends bylaws to designate federal courts as exclusive forum for Securities Act claims
Celanese Corp
- Board adopted Amendment to Article VIII, Section 8.01 of Seventh Amended and Restated By-laws, effective immediately.
- Federal district courts of the U.S. become sole exclusive forum for any claim arising under the Securities Act of 1933.
- If federal provision is invalid, the Court of Chancery of Delaware (or other Delaware state court) will be exclusive forum.
- Amendment is attached as Exhibit 3.1 and incorporated by reference.