In their Corporate Governance column, David A. Katz and Laura A. McIntosh of Wachtell, Lipton, Rosen & Katz write that the say-on-pay advisory vote requirements of Dodd-Frank have turned out to be a fertile source of nuisance litigation. The first wave of lawsuits, mostly dismissed on procedural grounds, targeted companies that experienced failed say-on-pay advisory votes. The current wave is potentially more problematic for targeted companies, even though the claims involved appear to have even less basis in law or fact.
Be Prepared for the New Wave of Proxy Disclosure Litigation
New York Law Journal
January 24, 2013
This content is now available at LexisNexis®.
The ALM® and LexisNexis® Content Alliance
LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM’s legal news publications. LexisNexis® customers will be able to access and use ALM’s content by subscribing to the LexisNexis® services via lexis.com® and Nexis®. This includes content from The National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM’s other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.
ALM’s content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.
If you are not currently a LexisNexis subscriber, contact 1-800-227-4908 to find out more or click here to have a customer representative contact you directly.