SEC and NAM appeal decision holding proxy advisor rule ...

The district court recently held that the provision of 'proxy voting advice for a fee' does not constitute 'solicitation' under the Exchange Act.

What's going on with the SEC's proxy advisor rules? - Cooley PubCo

SEC, which, in February of this year, vacated the SEC's 2020 rule that advice from proxy advisory firms was a “solicitation” under the proxy ...

Federal Court Decisions Spur Revisiting of SEC Regulation of Proxy ...

Recently, the U.S. Court of Appeals for the Fifth Circuit held that the SEC acted “arbitrarily and capriciously” in 2022 when it rescinded its ...

NAM Continues Fight for SEC Proxy Advisory Firm Rule

SEC, appealing a lower court ruling dismissing its challenge to the ... NAM Chief Legal Officer Linda Kelly released the following statement on the appeal:.

Fifth Circuit Vacates the SEC's Rescission of its Proxy Advisor Notice ...

In 2020, the SEC amended its proxy rules to, among other things, impose new requirements on firms that provide proxy voting advice to ...

Fifth Circuit Finds SEC's “About-Face” On Proxy-Firm Disclosure ...

A unanimous Fifth Circuit panel vacated the SEC's 2022 rescission of its 2020 proxy firm disclosure rule because the SEC failed to explain why the factual ...

Fifth Circuit vacates SEC rescission of “notice-and-awareness ...

Fifth Circuit vacates SEC rescission of “notice-and-awareness” provisions in proxy advisor rules ... Is it ok for an agency to change its mind?

After 1576 days, DC District Court holds proxy advisor rule invalid

A Federal District Court has just held invalid the SEC's rule regarding proxy advisory firms. The case dates back to 2019(!)

Fifth Circuit Vacates the Notice-and-Awareness Portion of the SEC's ...

Fifth Circuit Vacates the Notice-and-Awareness Portion of the SEC's Rescission of the 2020 Proxy Advisor Rules ... In National Association of ...

Manufacturers Victorious Over SEC in Fifth Circuit Proxy Firm Case

The NAM has long called for increased oversight of proxy advisory firms. · In June 2021, the SEC announced that it was suspending enforcement of the 2020 rule; ...

Sixth Circuit Upholds SEC's Proxy Advisor Rule Repeal, Creating ...

On September 10, 2024, in Chamber of Commerce of United States v. Securities and Exchange Commission (SEC), the U.S. Court of Appeals for the ...

THE FIFTH CIRCUIT INVALIDATES THE SEC'S RESCISSION OF ...

This is the latest chapter in the long, and as yet unfinished, story of SEC regulation of proxy advisory firms. BACKGROUND. Public companies ...

Federal Court Decisions Spur Revisiting of SEC Regulation of Proxy ...

the decision in the lawsuit challenging the SEC's authority to regulate proxy advisory firms (the ... SEC and the NAM3 filed notices of appeal.

Proxy Advisor Regulation: Court Vacates “Solicitation” Def'n & Says ...

A federal district court has ruled in favor of ISS in its lawsuit challenging the SEC's 2020 rule that would have subjected proxy advisors to enhanced ...

Harvard Law School Forum on Corporate Governance's Post

SEC and NAM appeal decision holding proxy advisor rule amendments unlawful https://lnkd.in/e6VhAidk.

Proxy Voting Advice Rule: Fifth Circuit Sends SEC Back to the ...

The US Court of Appeals for the Fifth Circuit vacated and remanded portions of the proxy voting advice rule on June 26 that had been adopted by the US ...

House Committee on Financial Services August 1, 2024

June 26, 2024). 91 Cydney Posner, SEC and NAM appeal decision holding 2020 proxy advisor rule amendments unlawful, Apr. 29,. 2024, available ...

Fifth Circuit Court of Appeals Vacates SEC's 2022 Rescission of ...

On June 26, 2024, the US Court of Appeals for the Fifth Circuit vacated the SEC's 2022 rescission of certain rule amendments regarding proxy advisory firms.

Fifth Circuit Says SEC “Flip-flopped” on the Proxy Advisor Rule

Late last week, Dave shared that the Fifth Circuit Court of Appeals, in National Association of Manufacturers v. SEC, held that the SEC's ...

Investor Alert: Circuit Split Emerges in SEC Proxy Advice Reform

The 2020 Rules increased restrictions on proxy voting advice businesses (proxy advisory firms), which advise institutional investors on how to ...