About the Author
William Sullivan is the global chair of the Paul Hastings Litigation Department. Previously, Mr. Sullivan served as the chair of the firm's Securities Litigation and Enforcement practice. He has substantial experience in the representation of public companies in the defense of federal and state securities class actions, derivative actions and regulatory proceedings.
Three years of “say on pay” lawsuits have shown that courts will honor the nonbinding nature of say on pay votes and uphold the principles of the business judgment rule.
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