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Union, 12 Pension Funds Want SEC to Delay a Controversial Shareholder Rights Rule
BusinessWeek 
Nov. 20, 2007 Excerpt: The 12 pension funds -- including the nation's largest, the California Public Employees' Retirement System -- together own more than $300 billion worth of stocks in U.S. companies. Their officials wouldn't comment on possible litigation Monday but said the funds had sent 'urgent letters' to SEC Chairman Christopher Cox, a Republican, pressing him to delay the expected Nov. 28 vote until all five seats on the SEC are filled. MORE >> |
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