Attorneys from MoloLamken are challenging a new U.S. Securities and Exchange Commission rule limiting shareholder proposals included in company proxy materials, which it claims would stifle the voice of smaller investors in corporate governance.

The firm filed suit Tuesday on behalf of shareholder advocates seeking to invalidate changes enacted by the SEC last September, which require investors to invest more money over a longer period of time to be eligible to submit proposals and restrict the use of shareholder representatives to present recommendations on behalf of investors.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]