Investors Claim Info Lacking on Cisco’s Bid for BroadSoft

A shareholder class action in Maryland demands revisions to the proxy statement for Cisco’s pending $1.9 billion buyout of business-communication firm BroadSoft because the document allegedly lacks key financial projections and an explanation of its discounted cash-flow analyses.

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Sixth Circuit Denies Challenge to Municipal Campaign-Contribution Rules

Multiple state Republican parties do not have standing to challenge the Securities and Exchange Commission’s revised rules on campaign contributions made by municipal security advisers and dealers, according to the Sixth Circuit Court of Appeals.

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