Apache Gets OK To Exclude Plan From Proxy Materials

Law360, New York (March 12, 2010, 7:03 PM EST) -- A federal judge has given oil and gas exploration and production company Apache Corp. the green light to exclude a proposal submitted by a man with an alleged history of abusing stockholder proposal rules from proxy materials to be distributed before the company's annual shareholder meeting in May.

Judge Lee H. Rosenthal of the U.S. District Court for the Southern District of Texas signed off Wednesday on a memorandum and order granting Apache's motion for declaratory judgment.

The proof of stock ownership submitted to Apache by...
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