California Courts of Appeal
Sep. 20, 2013
California appellate court turns back 'say on pay' lawsuit
A California appellate court has rejected shareholders' bid to penalize a public company for the executive compensation package it adopted.
Daily Journal Staff Writer
A California appellate court has rejected shareholders' bid to penalize a public company for the executive compensation package it adopted, in what is believed to be the first appellate ruling in the country to address "say on pay" lawsuits.
A wave of say-on-pay lawsuits were filed in the wake of the 2010 Dodd-Frank Act, which requires companies to submit executive compensation plans to ...
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