A federal judge granted a preliminary injunction blocking an Indiana law that would have required new disclosures from proxy advisers. The ruling is a third legal win for Institutional Shareholder Services and Glass Lewis against Republican-backed restrictions. The decision reduces near-term regulatory pressure on proxy advisers, though the broader market impact is likely limited.
A federal judge granted a preliminary injunction blocking an Indiana law that would have required new disclosures from proxy advisers. The ruling is a third legal win for Institutional Shareholder Services and Glass Lewis against Republican-backed restrictions. The decision reduces near-term regulatory pressure on proxy advisers, though the broader market impact is likely limited.
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