Harvard Prof Loses Electronic Arts Proxy Access Case Again

Law360, New York (April 26, 2013, 1:51 PM EDT) -- A Harvard law professor-cum-shareholder activist lost another bid Thursday to give shareholders more power at Electronic Arts Inc. after a New York federal judge said that his proposals still don't mesh with updated U.S. Securities and Exchange Commission rules.

U.S. District Judge Alvin K. Hellerstein said that the video game company's management could still reject Lucien Bebchuk's proposal, which would allow shareholders to more easily get changes on a ballot, because it is still prohibited by recently narrowed SEC rules.

Judge Hellerstein had previously dismissed Bebchuk's...
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