May 29, 2018
Annual Meeting Injunction Sought Over Alleged Misleading CD&A
– Broc Romanek
You don’t see this often. A complaint has been filed in US District Court – Eastern District of New York to enjoin shareholders from voting on two compensation committee members of Live Nation due to alleged misleading statements in the CD&A. The contested statements in the CD&A relate to whether the company achieved performance targets – and then whether the math is correct over whether bonuses & restricted stock awards were properly based on hitting targets. This lawsuit has now been withdrawn…
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