After 1576 days, DC District Court holds proxy advisor rule invalid
Harvard Corporate Governance
MARCH 17, 2024
Posted by Cydney Posner, Cooley LLP, on Sunday, March 17, 2024 Editor's Note: Cydney Posner is Special Counsel at Cooley LLP. This post is based on her Cooley memorandum. A Federal District Court has just held invalid the SEC’s rule regarding proxy advisory firms. The case dates back to 2019(!), when ISS sued the SEC and then-SEC Chair Jay Clayton in connection with the SEC’s interpretive guidance that proxy advisory firms’ vote recommendations were, in the view of the SEC, “solicitations” und
Let's personalize your content