The Fifth Circuit has extended its stay on an SEC decision supporting Kroger’s plans to exclude a conservative group’s anti-discrimination proposal from the grocer’s upcoming annual meeting as the court continues reviewing the matter.
The US Court of Appeals for the Fifth Circuit issued an administrative stay on the decision after a Kroger shareholder, the National Center for Public Policy Research, sued the Securities and Exchange Commission to stop it on April 28. The court kept the hold in place on Wednesday, according to an unpublished order, which didn’t elaborate on the ruling.
Kroger has yet to release the ...
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