6th Circ. Says Bank's Scant Mention Of Bylaw Proposal Illegal

By Stephanie Russell-Kraft ( March 13, 2015, 2:46 PM EDT) -- The Sixth Circuit reversed a lower court's toss of a shareholder suit alleging Southern Michigan Bancorp Inc. failed to disclose a bylaw proposal on the bank's annual meeting agenda, finding Friday that Michigan law required the bank to say more than it did....

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