Headquarters of the U.S. Securities and Exchange Commission in Washington, D.C. Photo: Diego M. Radzinschi/ALM Central Issue Emerges as US Manufacturers Sue SEC Over Regulation of Proxy Advisory Firms
"NGS has been forced to file supplemental proxy statements in response to this misleading proxy advice in seven of the past nine annual proxy seasons," Natural Gas Services alleged.
July 25, 2022 at 04:12 PM
5 minute read
Securities Litigation
A manufacturing industry association and a Midland energy company joined the fray in a long-running dispute with proxy advisory firms by filing suit against the U.S. Securities and Exchange Commission in a San Antonio federal district court, accusing the agency of easing hard-fought regulations approved just two years ago.
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