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As has been widely reported, on October 4, 2010, the Securities and Exchange Commission entered a stay of its new Rule 14a-11, together with its amended Rule 14a-8 and other related amendments (often termed the "proxy access" rules
On October 14, 2010, the United States Court of Appeals for the District of Columbia Circuit ("Court of Appeals") issued an order setting the briefing schedule for the litigation challenging the "proxy access" rules (new Rule 14a-11, together with its amended Rule 14a-8 and other related amendments) adopted by the Securities and Exchange Commission ("Commission") August 25, 2010
