Split 6th Circuit Affirms Ruling For SEC In Challenge To Proxy Voting Rule Changes

( September 17, 2024, 5:02 PM EDT) -- CINCINNATI — A split Sixth Circuit U.S. Court of Appeals panel upheld a ruling that the Securities and Exchange Commission’s partial rescission of a 2020 rule regulating proxy voting advice survives review under the Administrative Procedure Act (APA), with the dissenting member opining that the rescission is “both procedurally and substantively invalid” and “should be vacated in its entirety.”...