SEC Stalemate After Citizens United Spurs Others To Act

Law360, New York (January 21, 2014, 7:01 PM EST) -- Four years after the U.S. Supreme Court's bombshell Citizens United ruling, the U.S. Securities and Exchange Commission has yet to force public companies to disclose their political donations, prompting shareholder activists and plaintiffs firms to step into the regulatory void.

The Jan. 21, 2010, ruling, which deregulated political campaign spending by corporations, is still painfully fresh in the minds of investor advocates. They have pressed the SEC to issue new rules to make such spending more transparent, but to no avail: The commission recently dropped the...
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