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Expert Analysis

Vacating The SEC's Proxy Access Rule

Law360, New York (September 6, 2011, 1:46 PM EDT) -- The U.S. Court of Appeals for the District of Columbia Circuit has vacated Rule 14a-11 under the Securities Exchange Act of 1934, as amended (the Exchange Act), which was adopted by the U.S. Securities and Exchange Commission in August 2010. Rule 14a-11 was designed to facilitate access by shareholders to public companies' proxy statements in order to propose nominees for election to boards of directors....

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