Houston's Reliant Energy wants a federal judge to give it permission to ignore a shareholder request to place a proposal on Reliant's 2007 proxy statement that could make it easier in the future for shareholders to nominate board directors. The decision in the case before the U.S. District Court for the Southern District of Texas could ultimately make law in the 5th U.S. Circuit Court of Appeals that would help other corporations maintain control of what's on their proxy statements.
February 05, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Houston’s Reliant Energy Inc. wants a federal judge to give it permission to ignore a request from a shareholder who wants to place a proposal on Reliant’s 2007 proxy statement that could make it easier in the future for shareholders to nominate board directors.
The decision in Reliant Energy Inc. v. Seneca Capital LP could ultimately make law in the 5th U.S. Circuit Court of Appeals that would help other corporations maintain control of what’s on their proxy statements.
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