Corporate Political Donations Poised to Spark Investor Lawsuits

Major US companies could face lawsuits from their own shareholders for making political donations, according to a new legal strategy progressives are advocating to rein in corporate influence on elections.

Some of the money used for a corporation’s hefty super PAC donation come from shareholders. That gives those investors standing to sue if they don’t approve of how the money is spent, according to the latest Center for American Progress report, which aims to reign in the 2010 Supreme Court Citizens United ruling that allows corporations and other groups to spend unlimited amounts on elections.

That threat of legal action ...