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Chancery Upholds 'Only in North Carolina' Lawsuit Bylaw

By Matt Chiappardi ( September 8, 2014, 7:38 PM EDT) -- A Delaware Chancery judge ruled on Monday that First Citizens BancShares Inc.'s bylaws requiring nearly all shareholder disputes be litigated in North Carolina, despite the bank holding company being incorporated in The First State, is valid and tossed claims the board members breached their fiduciary duties by adopting them....

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