Corporate Governance

Business Roundtable v. SEC: The Battle for Access (The Battle Lines Form) (Part 2)

By J Robert Brown Jr.

The case is likely to be a repetition of the rulemaking process, with issuers (and their supporters) and investors (and their supporters) lining up on each side of this case.  Briefs have already been filed by the Business Roundtable/Chamber, ICI and the State of Delaware (more on that later).  TIAA CREF has moved to file a brief. 

In addition to those mentioned, the Business Roundtable/ Chamber's brief indicated that the following had filed a notice to participate as amicus:

• Council of Institutional Investors, California Public Employees' Retirement System, California State Teachers' Retirement System, State of Wisconsin Investment Board, Trustee of the New York State Common Retirement Fund, Oregon State Treasurer Ted Wheeler, New York City Employees' Retirement System, Board of Education Retirement System of the City of New York, Teachers' Retirement System of the City of New York, New York Fire Department Pension Fund, New York City Police Pension Fund, New Jersey Division of Investment, Washington State Investment Board, North Carolina Retirement System, and Colorado Public Employees' Retirement Association.

Assorted briefs and motions in this case, including the brief filed by the Business Roundtable, can be found at the DU Corporate Governance web site.?

Full post as published by The Race to the Bottom on January 18, 2011 (boomark / email).