Warning over SEC Bid to Limit US Lawsuits Against Boards

Elizabeth Warren, Jack Reed Warn SEC Against The 'Significant Mistake' Of Curbing Shareholder Lawsuits Against Companies: Report - Wells Fargo (NYSE:WFC), JPMorgan Chase (NYSE:JPM)

Sen. Elizabeth Warren (D-Mass) and other democrats have issued a stern warning to the Securities and Exchange Commission (SEC) against any potential policy change that could limit shareholders' ability to sue companies.

Warning over SEC bid to limit US lawsuits against boards

Save A fresh governance row appears to be brewing in the US, this time over the ability of shareholders to launch lawsuits again company boards. The Securities and Exchange Commission (SEC) is expected to discuss limiting the way lawsuits can be issued, but high-profile Democrat senator Elizabeth Warren (pictured) has issued a warning contained in a letter sent to watchdogs. Co-signed by Warren’s fellow Democrat senator Jack Reed, the letter, ac…