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In an amicus curiae brief filed with the Delaware Court of Chancery, the Managed Funds Association supported a plaintiff's claims that certain Company bylaw amendments which required expanded information from investors making director nominations or stockholder proposals were invalid and unenforceable, and that the Company's board of directors breached their fiduciary duties by adopting them.

The House Financial Services Committee approved a bill that would codify expiring SEC no-action relief that (i) excludes broker-dealers who are compensated for research services from the definition of "investment adviser" and (ii) allows broker-dealers to continue accepting payments for research reports in order to comply with international regulations, including MiFID and MiFID II.