DavisPolk issued a client memorandum on April 15, 2010 that just come to my attention, 2010 Proxy Season Early Trends: More Proposals, and More Exclusions. (Hat tip to Timothy Smith of Walden Asset Management). The memo notes: Last year’s Staff Legal Bulletin 14E restricted the grounds on which proposals could be excluded, which led some […]
Tag Archives | Apache v Chevedden
Apache v Chevedden: Postmortem
James McRitchie, 03/15/2010 ,
There seems to have been more news coverage going into court than coming out. Although the United States Proxy Exchange, which submitted an amicus curiae memorandum to protect shareowner rights, and Susman Godfrey L.L.P., who’s firm sued John Chevedden on behalf of Apache, both issued press releases, only Susman Godfrey’s seem to have been read […]
Hyperbolic Message With Unconstrained Abandon: Apache v Chevedden
James McRitchie, 03/10/2010 ,
As regular readers know, I’ve joined with Glyn Holton of the United States Proxy Exchange (USPX) recently in defending a direct assault on shareowner rights that came in the guise of a lawsuit by Apache, a $33 billion company, against John Chevedden. (see Who Should Submit Shareowner Proposals?, HLS Forum on Corporate Governance and Financial […]