Plaintiffs' firms unite on shareholder rights

Their common support for a proposal before the SEC appears to outweigh their competitive instincts.

, The National Law Journal

A rare joint letter to the SEC from a group of defense law firms over shareholder proxy access received an even rarer response from nine of the country's largest plaintiffs' law firms, including New York-based Labaton Sucharow and Bernstein Litowitz Berger & Grossmann. Their letter supported the SEC's proposal to allow shareholders to nominate directors, exactly what the defense firms argued against the week before.

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