id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
cblr-8633	William B. Chandler III; Joseph A. Grundfest; Virginia F. Milstead; Peter B. Morrison	FAQS Re: FFPS : Frequently Asked Questions About Federal Forum Provisions	2022	33	.pdf	application/pdf	11511	702	61	573 led one of the authors of this article, Professor Grundfest, to propose that corporations adopt federal forum provisions (FFPs).6 These provisions, which plaintiffs prefer to call “Grundfest Clauses,”7 are adopted either as charter provisions or bylaws, and designate the federal courts as the exclusive forums for litigation arising under the Securities Act.8 FFPs are based on the insight that, while Cyan precludes removal as a mechanism for shifting Securities Act litigation from state to federal court, Cyan does not preclude the adoption of forum selection provisions as a substitute mechanism for causing federal Securities Act claims to be heard in federal court.9 Requiring shareholders to file solely in a federal court avoids conflicting rulings, reduces litigation expense, and 6 Joseph A. Grundfest, The Rock Ctr. 8/20/2021 6:24 PM FAQS RE: FFPS FREQUENTLY ASKED QUESTIONS ABOUT FEDERAL FORUM PROVISIONS William B. Chandler III, Joseph A. Grundfest, Virginia F. Milstead & Peter B. Morrison* Federal Forum Provisions (FFPs) direct all Securities Act litigation filed in state court to federal court.	cache/cblr-8633.pdf	txt/cblr-8633.txt