UNITED STATES DISTRICT COURT
FOR THE SOUTHERN DISTRICT OF NEW YORK
LUCIAN BEBCHUK,
Plaintiff,
v.
ELECTRONIC ARTS, INCORPORATED,
Defendant.
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Civil No. 08-3716 (AKH)
BRIEF FOR THE
CHAMBER OF COMMERCE OF THE UNITED STATES OF AMERICA
AS AMICUS CURIAE SUPPORTING DEFENDANT
DATED: July 18, 2008
OF COUNSEL:
NATIONAL CHAMBER
LITIGATION CENTER, Inc.
Robin S. Conrad
Amar D. Sarwal
1615 H Street, N.W.
Washington, D.C. 20062
Telephone: (202) 463-5337
GIBSON, DUNN & CRUTCHER LLP
Eugene Scalia*
Indraneel Sur*
1050 Connecticut Avenue, N.W., Suite 300
Washington, D.C. 20036
Telephone: (202) 955-8500
Facsimile: (202) 530-9695
escalia@gibsondunn.com
isur@gibsondunn.com
*Admitted pro hac vice
Counsel for Amicus Curiae Chamber of Commerce
of the United States of America
Case 1:08-cv-03716-AKH Document 16-2 Filed 07/18/2008 Page 1 of 28
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TABLE OF CONTENTS
Page
INTEREST OF AMICUS CURIAE................................................................................................ 1
SUMMARY OF ARGUMENT ..................................................................................................... 2
REGULATORY BACKGROUND ............................................................................................... 4
ARGUMENT................................................................................................................................. 8
A.
Rule 14a-8 Cannot Be Construed To Mandate Inclusion In Company
Proxy Materials Of Shareholder Proposals That Would Circumvent And
Nullify The Investor Protections Set Forth In Rule 14a-8 And The SEC’s
Other Proxy Rules.................................................................................................. 8
B.
Plaintiff’s Proposal Is Impermissibly Vague And Therefore Is Properly
Excluded. ............................................................................................................. 16
C.
The