Corporate Political Donations Poised to Spark Shareholder Lawsuits
- Legal strategy is new effort to check Citzens United decision
- Lawsuit threat could slow pace of corporate political giving
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Major US companies could face lawsuits from their own shareholders for making political donations, according to a new legal strategy progressives are advocating to reign 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.