say on pay

The Latest Updates on the Top Stories We're Following

Kevin LaCroix
March 15, 2012 08:33

FDIC Files First Failed Bank Lawsuit in Florida: Even though Florida has had the second highest number of bank failures of any of the states during the current bank failure wave (trailing only Georgia), the FDIC had not filed any failed bank lawsuit in Florida—until now. On March 13, 2012,...

Second Time Around on Say-on-Pay

Kevin LaCroix
February 23, 2012 08:54

The advisory shareholder vote required under the Dodd Frank Act went through its first cycle in 2011, and by and large most companies’ shareholders approved the companies’ executive compensation plans. Only about 45 companies (less than 2%) received negative “say on pay”...

"Say on Pay" Lawsuit Survives Dismissal Motion

Kevin LaCroix
September 22, 2011 08:36

Only small a small number of companies experienced a negative “say on pay” vote this past proxy season, but many of the companies that did found themselves hit with a shareholder lawsuit in the wake of the negative vote. Cincinnati Bell is one of the companies that with both a negative...

Yet Another Lawsuit Following "No" Vote on "Say on Pay"

Kevin LaCroix
June 01, 2011 00:08

On May 25, 2011, In the latest example of shareholders suing a company’s board following a negative “say on pay” vote, two union pension funds filed a shareholders’ derivative action claiming that Umpqua Holdings Corporation’s board violated its duties to investor by...

Say on Pay — Questions for Institutional Investors

May 31, 2011 13:24

Editor’s Note: Martin Lipton is a founding partner of Wachtell, Lipton, Rosen & Katz, specializing in mergers and acquisitions and matters affecting corporate policy and strategy. This post is based on a Wachtell Lipton firm memorandum. With the advent of mandatory “say on pay” votes this...