Say-On-Pay Following in Footsteps of M&A Suits

A new type of securities lawsuit over say-on-pay advisory votes is so similar to shareholder suits filed over mergers and acquisitions that a new M&A litigation study includes a look at the say-on-pay suits. The shareholder litigants also make claims about a company's faulty disclosure and pursue the same general strategy of seeking an injunction in hopes of getting a quick settlement, according to a study co-author.

Source: http://www.law.com/jsp/law/sign_me_in.jsp?article=http://www.law.com/corporatecounsel/PubArticleCC.jsp?id=1202590630080&rss=newswire

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