December 05, 2022
A Texas federal judge has thrown out a legal challenge to the U.S. Securities and Exchange Commission's new proxy advisory voting rules, saying the agency was allowed to have a change of heart from one presidential administration to the next.
October 24, 2022
The U.S. Securities and Exchange Commission has urged a Texas federal court to grant it an early win against business groups opposing changes regulators made to proxy advisory oversight rules, arguing that the agency's reversal of the previous administration's policy followed procedure and benefited investors.
July 21, 2022
Two business groups are alleging the U.S. Securities and Exchange Commission's recent rollback of rules governing proxy advisory firms amounted to arbitrary and capricious violations of federal law and should be nullified, according to a lawsuit filed in Texas federal court on Thursday.