In this class action brought in the Santa Clara County Superior Court, the plaintiffs sought to enjoin a shareholder vote on Symantec’s “say-on-pay” proposal. Retained by Fenwick & West In this class action brought in the Santa Clara County Superior Court, the plaintiffs sought to enjoin a shareholder vote on Symantec’s “say-on-pay” proposal. The plaintiffs claimed that Symantec’s proxy failed to disclose essential information, including the analyses performed by a compensation consultant and the company’s compensation risk assessment. These allegations are similar to ones seen in mergers and acquisitions (M&A) shareholder litigation, where plaintiffs often seek to enjoin a vote on a merger on the grounds that the disclosure is inadequate. This case is part of a growing litigation trend, i

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