PETA Loses Lawsuit Over Merck & Co., Inc. Shareholder Proposal

U.S. District Judge Amy Jackson dismissed a lawsuit filed by People for the Ethical Treatment of Animals seeking a court order to force Merck & Co. Inc. to include a resolution from the animal rights group in materials for the pharmaceutical company’s annual shareholder meeting. Following a motions hearing this morning, Jackson granted Merck summary judgment and dismissed the case in an order from the bench. Since the shareholder meeting in question already took place in May, Merck had argued that the court lacked authority to order Merck to hold a special meeting for the purpose of presenting PETA’s resolution, among other things.
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