Developments in Federal and State Campaign Finance, Lobbying, and Ethics Laws
PepsiCo has agreed to more robust disclosure of its lobbying and political spending in response to a shareholder resolution filed on behalf of New York’s state pension fund, which owns about $400 million in PepsiCo stock. Just three weeks ago, the New York State Comptroller settled a suit with Qualcomm over similar issues.
As we…
Last week Qualcomm and New York State’s Comptroller, Thomas DiNapoli, announced that Qualcomm will begin posting its political spending on its website. In exchange, the NY Comptroller has agreed to drop the lawsuit it filed against the company.
As described here, last month the NY Comptroller sued Qualcomm on behalf of the state’s pension…
