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SEC Floats Eliminating Shareholder Proposal Rule

Signage for the U.S. Securities and Exchange Commission shows the agency logo, a circle featuring an eagle and its name

By Jessica Corso

The U.S. Securities and Exchange Commission on Wednesday proposed a number of changes to the way publicly traded companies seek shareholder input, including by promising to eliminate one of the pathways shareholders can use to place their own proposals on corporate ballots. 


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Top Stories
  • The OpenAI logo is being displayed on a smartphone, with the Microsoft logo visible on the screen in the background, in this photo illustration
    9th Circ. Backs OpenAI, Microsoft Win Over Source Code Suit

    By Elliot Weld

    The Ninth Circuit on Wednesday affirmed the dismissal of a case brought by a group of anonymous programmers who ...(read more)

  • Crowds gather around a green and white vehicle displaying the May Mobility company logo
    DLA Piper, Latham Steer $1.4B Driverless Vehicle SPAC Deal

    By Al Barbarino

    May Mobility and blank check company ACP Holdings Acquisition Corp. said Wednesday they have agreed to merge in ...(read more)

  • Parties Clash Over Scope Of GIPA In DNA Test-Taker's Suit

    By Celeste Bott

    An Illinois federal judge is weighing whether the state's genetic privacy law protects against disclosing information about people who have taken genetic tests, with a DNA testing company accused of unlawfully sharing such information with Google arguing Wednesday the statute applies only to disclosure of actual test results.

  • Calif. AI Law Requires Ads To Disclose 'Synthetic Performers'

    By Rae Ann Varona

    Advertisements shown in California that feature artificial intelligence-generated actors must explicitly disclose that such "synthetic performers" were used under a new SAG-AFTRA-backed bill that California Gov. Gavin Newsom signed into law Wednesday.

  • 9th Circ. Greenlights Blocking Kalshi Contracts On Tribal Land

    By Dorothy Atkins

    The Ninth Circuit on Wednesday reversed an order denying California tribes' request for a preliminary injunction seeking to block Kalshi and Robinhood from offering sports-event contracts on tribal lands, finding the tribes will likely win their Indian Gaming Regulatory Act claims, and "this is the 'stuff' of sports betting."

  • EPA's Policy Repeals May Spell Exit From Climate Regulation

    By Keith Goldberg

    The U.S. Environmental Protection Agency's latest move to undo Biden-era greenhouse gas emissions rules lays legal groundwork for the agency to completely abandon climate change regulation, though it remains to be seen whether courts will endorse a full-blown retreat.

  • Kroger Faces Skepticism In Bid To Slash Wash. AG's Fee Win

    By Rachel Riley

    A Washington appellate judge expressed skepticism Wednesday at Kroger's bid to dismiss or reduce the state's $28.4 million fee award for successfully challenging the proposed merger with Albertsons, saying Kroger doesn't know how the Washington State Attorney General's Office split the work with the lead law firm that handled the bench trial.

  • Newman Saga Prompts Bill To Limit Judicial Suspensions

    By Courtney Bublé

    The long-running saga over Federal Circuit Judge Pauline Newman's fitness to remain on the court has exposed "major flaws" in the judicial accountability system, according to a Republican member of the House who introduced a bill Wednesday to reform it.

  • Fla. Panel Revives Suit Claiming Soccer Club Investment Lies

    By David Minsky

    A Florida state appellate court on Wednesday revived an investor's lawsuit alleging he was misled into contributing $2 million to a digital technology company after believing it would serve as a vehicle to purchase an English professional soccer team, saying his fraudulent inducement-related claims were dismissed too quickly.

  • 1st Circ. Hints Trump Admin Sought To Skirt Review Of Cuts

    By Julie Manganis

    The First Circuit on Wednesday repeatedly suggested that the Trump administration had sought to evade court review by intentionally failing to issue written guidance before it began shuttering federal programs targeted by the president in an executive order last year.

  • Del. Defends Absentee Voting Law At State High Court

    By Jarek Rutz

    Two Delaware Senate candidates urged the Delaware Supreme Court on Wednesday to strike down the state's permanent absentee voting system as unconstitutional, while state election officials defended the law as a valid way to administer absentee voting for people who remain eligible over multiple elections.

  • 9th Circ. Revives Bad Faith Claim In Title Insurance Row

    By Danielle Ferguson

    A split Ninth Circuit panel on Wednesday partially reinstated Washington state property owners' suit accusing an insurer of bad faith by refusing to defend them and representing their opposing neighbors in an easement dispute, saying the lower court improperly relied on a case that didn't address bad faith.

  • Nielsen Says Cumulus Order Illegally Dictates Sale Terms

    By Jared Foretek

    A Nielsen Co. attorney on Wednesday blasted a federal judge's order that he said dictated the terms of the company's sale of nationwide radio ratings to Cumulus Media, telling a Second Circuit panel that the new order was "completely different" from an injunction the appellate court had upheld.

  • Vanguard Trims But Can't Shake Users' Data Tracking Suit

    By Craig Clough

    A Pennsylvania federal judge tossed federal wiretapping and California invasion of privacy claims brought against investment management company Vanguard in a user class action over third-party tracking and sharing of data, but allowed the plaintiffs to amend the suit while keeping a state-based wiretapping claim alive. 

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Latest News

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  • OpenAI Users Say 'Strangers' Review Millions Of Private Chats
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From The Courtroom

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  • Facebook Third-Party Apps Took User Data, Jury Told
  • Deckers Denied New Trial On Ugg Boot Design Patent Validity
  • Justices Call For Early Response Over Paramount Merger
  • Ex-NBA Coach's Rigged Poker Game Trial Pushed To 2027
  • Fla. Court Misread Complex's Mural Rights Claim, Panel Told
  • Quantitative Trader's Trade Secret Trial Pushed To November
  • Calif. Urges Justices To Let Paramount Merger Case Play Out
 
 
 

Expert Analysis

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    AG Watch: Oregon Targets Consumer Costs
    Oregon Attorney General Dan Rayfield's challenges to bank interest rate and escrow preemption signal heightened scrutiny of consumer... (read more)
  • Brandon Cox
    Retailers Must Navigate State Innocent-Seller Law Patchwork
    States' innocent-seller statutes can shield nonmanufacturing retailers from product liability claims to varying degrees, and by buil... (read more)
  • Jennifer Filippazzo
    State AI Safety Laws Raise New Liabilities For Healthcare Cos.
    Healthcare and life science companies using third-party artificial intelligence tools should pay particular attention to the changin... (read more)
  • David O'Neil
    How 'Swap' Fight Underpins Prediction Market Enforcement
    As courts around the country grapple with whether, and under what circumstances, event contracts qualify as swaps, federal enforceme... (read more)
  • Jorge Monroy
    How Rogue AI May Shape Corporate Liability, Responsibility
    Recent artificial intelligence cyber incidents offer a window into how companies deploying autonomous systems should document risk c... (read more)
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