FAYETTEVILLE, Ark. – By reversing a Montana Supreme Court decision today, the U.S. Supreme Court declined to review Citizens United v. Federal Election Commission, its major 2010 decision on campaign finance.
Kathy Fogel, finance professor at the University of Arkansas, is available to comment on the Court’s decision.
In response to the call for a shareholders protection act following the Court’s 2010 decision, Fogel analyzed a key British law on corporate funding of political parties and found that the law did not cause corporations to end political spending. Fogel’s article, “Shareholder-Authorized Corporate Political Spending in the United Kingdom,” was published this year in the University of San Francisco Law Review.
The Court’s decision in Citizens United v. Federal Election Commission meant that publicly traded corporations were allowed to use unlimited sums of money to fund political advertisements in federal election campaigns without disclosure or shareholder consent. Since the court’s decision, shareholder-rights advocates have worked to support federal and state legislation to protect their interests.
Fogel may be reached at 479-575-5301 or [email protected].
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