Court Rules Contract's Choice Of Law Does Not Reach California Securities Law Claims
By EsqSocial Corporation 25/02/21
Donna Morgan signed two agreements to acquire ownership interests in two Nevada limited liability companies. The agreements contained identical choice-of-law provisions, contemplating that Nevada law would "govern the validity, construction, performance[,] and affect [sic] of" the contracts. Unhappy with her purchases, Ms. Morgan filed suit for or federal and state securities fraud, breach of contract, promissory fraud, and breach of the implied covenant of good faith and fair dealing. While...
By: Allen Matkins