On June 25, 2013, the Delaware Court of Chancery ruled in favor of the defendants, finding that the forum selection By-Law was legally valid and dismissed Counts I and IV of the Delaware Action with prejudice. On July 22, 2013, the Delaware Court of Chancery entered a final judgment against the plaintiffs on those grounds. The plaintiffs in the Delaware Action filed a notice of appeal to the Delaware Supreme Court, but on October 15, 2013, voluntarily dismissed their appeal. On October 28, 2013, the plaintiffs in the Delaware Action filed a motion to dismiss the case without prejudice. Chevron has since asked the Delaware Court of Chancery to postpone any ruling on the motion to dismiss in the Delaware Action until after the pending voluntary dismissal of the California Derivative Action.On February 14, 2014, plaintiff Bushansky sought to voluntarily dismiss the California Derivative Action. On February 19, 2014, plaintiff Bushansky further notified the District Court that he had sold all of his stock in Chevron Corporation and that he therefore no longer had the requisite legal standing to pursue the California Derivative Action on behalf of the company because he was no longer a Chevron shareholder. On June 25, 2014, the District Court ordered that notice of the voluntary dismissal be provided to Chevron Corporation shareholders before the California Derivative Action could be dismissed with prejudice. If no other Chevron Corporation shareholder seeks to intervene in the California Derivative Action, the voluntary dismissal will be approved and the California Derivative Action will be dismissed with prejudice. THE RIGHT TO INTERVENE IN THE CALIFORNIA DERIVATIVE ACTION Any Chevron Corporation shareholder may seek to intervene as a plaintiff in the California Derivative Action if he, she, or it (1) owns shares in Chevron and (2) wishes to pursue the claims in the California Derivative Action or has any reason why the action should not be voluntarily dismissed. All motions to intervene must be filed with the Clerk of the Court no later than September 29, 2014. Every motion to intervene must contain: (1) the caption of the California Derivative Action; (2) the intervenor’s name, address and phone number; (3) proof or certification of the date the intervenor purchased Chevron Corporation stock; and (4) any supporting papers, including all documents and writings that the intervenor desires the Court to consider.
Any motions to intervene must be filed with the District Court at:Clerk of Court United States District Court for the Northern District of California Phillip Burton Federal Building & United States Courthouse 450 Golden Gate Avenue, 16 th Floor San Francisco, California 94102 A copy of any motion to intervene must also be mailed to: David J. Berger Wilson Sonsini Goodrich & Rosati Professional Corporation 650 Page Mill Road Palo Alto, California 94304 Attorneys for Defendants Samuel H. Armacost, Linnet F. Deily, Robert E. Denham, Robert J. Eaton, Chuck Hagel, Enrique Hernandez, Jr., Franklyn G. Jenifer, George L. Kirkland, Sam Nunn, Donald B. Rice, Kevin W. Sharer, Charles R. Shoemate, John G. Stumpf, Ronald D. Sugar, Carl Ware, John S. Watson, and Nominal Party Chevron Corporation Joseph H. Weiss WeissLaw LLP 1500 Broadway New York, New York 10036 Attorneys for Plaintiff Stephen Bushansky