According to ISS Securities Class Action Services, 10 securities-related class actions settled for between $100 million and $1 billion in the U.S. last year. That more than doubled the number from 2021.
Instead, most see Democrats’ 1% levy on buybacks as “part of the cost of doing business.”
“NGS has been forced to file supplemental proxy statements in response to this misleading proxy advice in seven of the past nine annual proxy seasons.”
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