Well, not lies exactly - the Corporate Counsel blog analyzed a report in Bloomberg that the SEC is considering a 1 percent threshold for its shareholder access proposal and found the report not credible.
Since we're talking about the Corporate Counsel blog and things that might not be as they seem, Corporate Counsel blog has also posted a draft of Charles Schumer's Shareholder Bill of Rights. Wachtell Lipton has already issued a memo in criticizing the bill (via Race to the Bottom) *sigh*.
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