Aetna Misled Investors On Political Donations, Suit Says

Law360, Los Angeles (December 10, 2013, 6:28 PM EST) -- A shareholder sued health care giant Aetna Inc. and its top executives in New York federal court Tuesday, accusing the defendants of sending out false and misleading proxy statements to shareholders, including information about the company’s political activities.

The suit, filed by Citizens for Responsibility and Ethics in Washington on behalf of Aetna investor Stephen W. Silberstein, raises allegations that the company misrepresented the proxy information to persuade shareholders to oppose proposals offered in 2012 and 2013 by the Service Employees International Union Master Trust and...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.