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Investments

Oct. 13, 2006

Court Ruling Leaves SEC Uncertain of Its Own Rules

FOCUS COLUMN - By Paul A. Blumenstein and Sanjay M. Shirodkar - A recent decision by the 2nd U.S. Circuit Court of Appeals, American Fed'n of State, County & Mun. Employees v. American Intern. Group, Inc. 2006 WL 2557941 2nd Cir. Sept. 5, 2006), has forced the Securities and Exchange Commission to consider once again whether public shareholders may access a company's proxy materials to solicit proxies on behalf of a director candidate nominated by such shareholders.


Focus Column

By Paul A. Blumenstein and Sanjay M. Shirodkar

     
      A recent decision by the 2nd U.S. Circuit Court of Appeals, American Fed'n of State, County & Mun. Employees v. American Intern. Group, Inc. 2006 WL 2557941 (2nd Cir. Sept. 5, 2006), has forced the Securities and Exchange Commission to consider once again whether public shareholders may access a company's proxy...

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