date:Apr 15, 2014
d shareholder approval to unload Red Lobster, was not immediately available for comment.
According to the Journal, the lawsuit, filed in Florida by pension funds for the City of Birmingham, Alabama, seeks to invalidate changes made last month to the company's bylaws.
The lawsuit claims that Darden now requires shareholders who file proposals or nominate directors to disclose more information about their intentions, and their discussions with other shareholders. It can also now adjourn any shar