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Wal-Mart Ordinary Course of Business Defense

Alston & Bird

SEC Provides Guidance on Exclusion of Shareholder Proposals

Alston & Bird on

On October 22, 2015, the staff of the Division of Corporation Finance (the “Division”) of the U.S. Securities and Exchange Commission (SEC) released the highly anticipated Staff Legal Bulletin No. 14H (SLB 14H) concerning...more

Dechert LLP

New SEC Guidance Makes Excluding Shareholder Proposals More Difficult

Dechert LLP on

In Staff Legal Bulletin 14H released on October 22, 2015, the staff of the SEC’s Division of Corporation Finance weighed in on two important means by which a company may exclude a shareholder proposal from company proxy...more

Foley Hoag LLP

Trinity Wall Street v. Wal-Mart Stores, Inc. - “Lawyers, Guns and Money”

Foley Hoag LLP on

On July 6, 2015 the Third Circuit Court of Appeals issued its eagerly awaited opinion in Trinity Wall Street v. Wal-Mart Stores, Inc., addressing the question of what constitutes a company’s ordinary business operations and...more

Katten Muchin Rosenman LLP

Court of Appeals for Third Circuit Overturns District Court Ruling Regarding Exclusion of Shareholder Proposal From Proxy...

On July 6, the United States Court of Appeals for the Third Circuit issued an opinion overturning the November 2014 ruling of the United States District Court for the District of Delaware that Wal-Mart Stores, Inc. had...more

Holland & Knight LLP

Wal-Mart Allowed to Omit Shareholder Proposal for Oversight of Products Sold

Holland & Knight LLP on

On April 14, 2015, the Third Circuit Court of Appeals vacated an injunction against Wal-Mart that would have required it to include a shareholder proposal in its 2015 annual proxy statement. Wal-Mart will now be able to omit...more

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