Split 5th Circ. Affirms SEC's Kroger Proxy Decision
By Jessica Corso ( November 14, 2024, 8:08 PM EST) -- A divided Fifth Circuit on Thursday rejected a "purely theoretical" challenge brought by conservative shareholders unhappy that the U.S. Securities and Exchange Commission greenlighted the exclusion of a shareholder proposal from Kroger Co.'s 2023 ballot, noting that the case was moot since the company authorized a vote on the proposal anyway....
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