In the News Today – March 20, 2019

Businesses Call for Oversight of Proxy Firms: Businesses and advocacy firms have called for more oversight on firms that advise shareholders on proxy proposals, saying the firms have too much influence on the proposals. The U.S. Securities and Exchange Commission is likely to act on the issue later this Spring. (Wall Street Journal)

“The Post-Cyan Spike In State Securities Act Filings”: Defense litigators in the securities litigation arena examine the rise in state-level securities class action filings after the U.S .Supreme Court’s Cyan Inc. v. Beaver County Employees Retirement Fund ruling last year. Without legislative action or new legal developments, they say the trend “threatens to increase litigation complexity and costs.” (Law360)