Say on Pay Lawsuits Update

On September 29, 2011, in News, Say on Pay, Say on Pay Lawsuits, by Ed Hauder

Cincinnati Bell – lawsuit can proceed

According to the judge in this case, the “plaintiff has made adequate pleadings that ‘the Cincinnati Bell Board is not entitled to business judgement protection for its 2010 pay hikes.” Therefore the judge denied the company’s and other defendants’ motion to dismiss.  More information can be found in this story from the Business Courier:

http://www.bizjournals.com/cincinnati/news/2011/09/21/cincinnati-bell-lawsuit-can-proceed.html

Beazer Homes USA – lawsuit dismissed

According to the end of this article from Thomson Reuters, the judge in the Beazer Homes USA say on pay case, dismissed the lawsuit.

http://newsandinsight.thomsonreuters.com/Legal/News/2011/09_-_September/Federal_judge_gives_shareholders_green_light_for_say-on-pay_suit/

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