Imperial Holdings’ shareholders have sued the company and its board over a bylaw that the board adopted last November. The bylaw requires that a current or prior shareholder may not ini...
The SEC has released a rule proposal on disclosure of hedging by employees, officers and directors, as required under the Dodd-Frank Act.
We will issue a client memorandum shortly.
The Chamber of Commerce has sent a letter to SEC Chair White to “express significant concern” regarding the announcement that the SEC staff will express no views on the application of...
Trinity Wall Street (Trinity), the proponent of a shareholder proposal to Wal-Mart that is currently the subject of an appeal from a district court ruling in the U.S. Court of Appeals for...
It is difficult to make any predictions at this point about when the SEC may take any rulemaking-related actions, but the WSJ reports that the Commission intends to issue a concept releas...
A proxy access proposal submitted by John Harrington received 53.46% of the votes cast in favor at Monsanto’s annual meeting on Friday. In a press release, the company indicated that th...
According to Glass Lewis, approximately 100 companies will face proxy access shareholder proposals in 2015. In a blog post, Glass Lewis announced that it will continue to review each shar...
The SEC has announced that it will host a roundtable on February 19 on ways to improve the proxy voting process. The roundtable will be divided into two panels:
The state of contested di...
Wal-Mart Stores is appealing to the U.S. Court of Appeals for the Third Circuit to vacate a mandatory injunction that requires Wal-Mart to include a shareholder proposal in its 2015 proxy...
The recent statement from Chair White that the SEC staff will not issue any decisions this season on no-action letters asking to exclude shareholder proposals on the basis that a company ...
