United States: Exxon Employs "Direct-To-Court" Strategy For Shareholder Proposal. Will Others Do The Same? - Cooley LLP

Back in 2014, a few companies, facing shareholder proposals from the prolific shareholder-proposal activist, John Chevedden, and his associates, adopted a "direct-to-court" strategy, bypassing the standard SEC no-action process for exclusion of shareholder proposals.