In a closely watched decision, the Superior Court of Washington for King County in Blue Lion Opportunity Master Fund, L.P. vs. HomeStreet, Inc., No. 18-2-06791-0 SEA, affirmed the authority of a corporation’s board of directors to reject a notice of director nominations and shareholder proposals for failure to comply with an advance notice bylaw.
Harvard Law School Forum on Corporate Governance and Financial Regulation
Activists are Hereby on Notice: Board Authority to Reject Deficient Director Nominations
April 16, 2018