{"id":5418,"date":"2013-01-15T00:00:00","date_gmt":"2013-01-15T06:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2013\/01\/major_newspapers_say_judicial"},"modified":"2022-03-10T09:14:42","modified_gmt":"2022-03-10T15:14:42","slug":"major-newspapers-say-judicial","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/major-newspapers-say-judicial\/","title":{"rendered":"Major Newspapers Say Judicial Arbitration by Delaware\u2019s Court of Chancery is Unconstitutional"},"content":{"rendered":"\n<p>According to The Wall Street Journal, the major print media don\u2019t believe that the country\u2019s premier corporate litigation forum should be able to arbitrate business disputes. On Monday, News Corp, the news publication\u2019s parent company, was joined by The New York Times Company, the Associated Press, the Washington Post, Atlantic Media, Inc., Bloomberg L.P., Reuters America LLC, and other media companies and groups in a friend-of-the-court brief to the U.S. Court of Appeals for the Third Circuit. They are pushing for a state law that gives the state\u2019s Delaware Court of Chancery the power to arbitrate business disagreements in secret to be found unconstitutional. The outcome of this case could affect how business disputes in Corporate America are settled.<\/p>\n<p>It was last year that U.S. District Judge Mary A. McLaughlin struck down a program by the Delaware Chancery Court that let its judges preside over arbitration disputes. Her decision was a victory to Delaware Coalition for Open Government, which is the civic group that filed a lawsuit against the court\u2019s judges. The judges are the ones that filed the appeal.<\/p>\n<p>The media\u2019s brief wants the appeals court to affirm McLaughlin\u2019s ruling and acknowledge the \u201cstrong presumption\u201d that champions open access to judicial proceedings and the First Amendment rights of the media and the public to that access. Supposedly backing the concept of judicial arbitration is the idea that Delaware, which is dependent on corporate tax, wants to take advantage of having its chancery court be a go-to venue for corporate litigation, including class action lawsuits. <\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/major-newspapers-say-judicial\/\"  title=\"Continue Reading Major Newspapers Say Judicial Arbitration by Delaware\u2019s Court of Chancery is Unconstitutional\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>According to The Wall Street Journal, the major print media don\u2019t believe that the country\u2019s premier corporate litigation forum should be able to arbitrate business disputes. On Monday, News Corp, the news publication\u2019s parent company, was joined by The New York Times Company, the Associated Press, the Washington Post, Atlantic Media, Inc., Bloomberg L.P., Reuters [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3740],"tags":[],"class_list":["post-5418","post","type-post","status-publish","format-standard","hentry","category-miscellaneous"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Major Newspapers Say Judicial Arbitration by Delaware\u2019s Court of Chancery is Unconstitutional &#8212; Investor Lawyers Blog &#8212; January 15, 2013<\/title>\n<meta name=\"description\" content=\"According to The Wall Street Journal, the major print media don\u2019t believe that the country\u2019s premier corporate litigation forum should be able to &#8212; January 15, 2013\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/major-newspapers-say-judicial\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Major Newspapers Say Judicial Arbitration by Delaware\u2019s Court of Chancery is Unconstitutional &#8212; Investor Lawyers Blog &#8212; January 15, 2013\" \/>\n<meta name=\"twitter:description\" content=\"According to The Wall Street Journal, the major print media don\u2019t believe that the country\u2019s premier corporate litigation forum should be able to &#8212; January 15, 2013\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Major Newspapers Say Judicial Arbitration by Delaware\u2019s Court of Chancery is Unconstitutional &#8212; 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