Ruonan Song

Mar 6, 2024 | lexology.com | Brad Bondi |Sean Donahue |Eduardo Gallardo |Spencer Young |Ruonan Song

On February 23, 2024, the U.S. District Court for the District of Columbia ruled in favor of Institutional Shareholder Services Inc. (“ISS”), a leading proxy advisory firm, on the party’s motions for summary judgment, ending a years long dispute over whether proxy voting advice for a fee constitutes solicitation subject to the federal proxy rules, which are codified in the Securities Exchange Act of 1934, as amended (the “Exchange Act”).