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A.J. Kess and Yafit Cohn Quoted in Bloomberg BNA on Shareholder Proposals
02.05.15
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Corporate Partner A.J. Kess and Corporate Associate Yafit Cohn were quoted in a Bloomberg BNA Corporate Law & Accountability Report article titled, “Experts Predict Big Impact From Appealed Wal-Mart Gun Sales Decision.” The article discusses a recent district court opinion, finding that Wal-Mart Stores Inc. wrongfully excluded a shareholder proposal from its proxy materials despite obtaining no-action relief from the SEC, and the pending appeal of the case before the Third Circuit. A.J. and Yafit discussed how this case could impact public companies and their ability to rely on the “ordinary business” exclusion in the SEC’s proxy rules.