The Advisors' Blog

This blog features wisdom from respected compensation consultants and lawyers

September 30, 2013

California Court Of Appeal Affirms Dismissal Of Say-On-Pay Suit

Broc Romanek, CompensationStandards.com

In this blog, Allen Matkin’s Keith Bishop gives us the updated news about the Dennis v. Hart case since a panel of the California Court of Appeal recently affirmed that case’s dismissal. Here’s the appeal court’s opinion.

As Keith notes, some may be surprised that this case, which involves a Delaware corporation, was in the California courts of all, but the Ninth Circuit has held that the Dodd-Frank Act’s say-on-pay mandate did not by itself confer jurisdiction on the federal courts…