Nick Even in the New York Times and Law360 for Study on Shareholder Say-on-Pay Votes

07/09/2013


An analysis of the Shareholder Say-on-Pay Provisions of the Dodd-Frank law by Haynes and Boone, LLP Partner Nick Even has been cited in a recent The New York Times Dealbook article and featured as an Expert Analysis piece on the Law360 legal website.

In his study, Even points out that no lawsuits challenging say-on-pay or equity incentive plans for top public company executives have materialized, nor have any companies been targeted for say-on-pay injunctive suits during the 2013 proxy season.

“Whatever the reasons, like the early 'no vote' fiduciary suits in 2010 and 2011, this latest attempt to refashion Dodd-Frank’s say-on-pay requirements into an annual litigation phenomenon appears to have waned,” Even writes. “Although the immediate threat to companies and boards is diminished, the combination of Dodd-Frank, executive compensation and annual meetings remains fertile ground for potential shareholder claims. Is a 'third wave' of attempted litigation inevitable?”

To view the full New York Times article, click here.

To view the full Law360 article, click here (subscription required). 

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