Update re Rick Hasen’s position appended below. 10/11 at 11:18 a.m. (and edited for clarity and a typo correction on 10/11 at 6:27 p.m.). ____ Addendum on Purcell v. Gonzalez added below. 10/10 at 3:20 p.m. ___ At about the same time last night that the Supreme Court issued its one-page stay-of-the-stay in Frank v. […]
Can the SEC prohibit publicly-traded corporations from making political expenditures (and, eventually, direct campaign contributions) unless the corporation first gets approval from a majority of shareholders?
It’s already become something of a favorite parlor game among liberals, especially among liberal law geeks, to speculate about when the Supreme Court will strike down state and federal statutes that prohibit corporations from making direct campaign contributions to candidates and political parties. In Citizens United, the court killed statutory bars to corporate and union political […]