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Proxy Season 2014 Update: Proxy Vote Injunction Lawsuits
The Conference Board Link to more items from this source
Apr. 9, 2014
"While the number of filed proxy injunction lawsuits appears to be dropping and one would think that the unbroken string of court decisions against plaintiffs alleging breaches of fiduciary duty with respect to proxy vote disclosures might bring an end to these types of actions, it is not clear that this will be the case, based on the number of investigations that have been launched and the number of non-public demands for settlement that have been made this year. So again this proxy season, companies, especially those submitting equity plan proposals to shareholder votes, need to continue to be vigilant[.]"

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