A rare joint letter to the SEC from a group of defense law firms over shareholder proxy access received an even rarer response from nine of the country's largest plaintiffs' law firms, including New York-based Labaton Sucharow and Bernstein Litowitz Berger & Grossmann. Their letter supported the SEC's proposal to allow shareholders to nominate directors, exactly what the defense firms argued against the week before.
Plaintiffs' firms unite on shareholder rights
The National Law Journal
August 31, 2009
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