In The News

Shutdown Makes It Harder for Boards to Quash Shareholder Votes


26 Jan 2019

Following the end of the government shutdown, it’s unclear how long the SEC will take to settle the backlog of disputes it annually settles between companies and shareholders in regards to whether an investor proposal belongs on the corporate ballot.

“We’re definitely in uncharted territory,” said Morrison & Foerster partner David M. Lynn in the Bloomberg article, “Shutdown Makes It Harder for Boards to Quash Shareholder Votes.” “Even when the government opens on Monday, they’re going to have to play catch-up before company mailing deadlines.”



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