Sunrise Senior Living Shareholder Acts to Improve Directors’ Accountability
SEIU Master Trust files suit in Delaware Chancery Court to challenging Sunrise breach of corporate bylaws; shareholder meeting scheduled for October 16
WASHINGTON, D.C., (October 1, 2007) – Continuing its efforts to enhance shareholder value at Sunrise Senior Living, Inc., through its advocacy of best-practice corporate governance at the company, the SEIU Master Trust has commenced a lawsuit in the Chancery Court of Delaware seeking to compel Sunrise to abide by its corporate bylaws in connection with the company's shareholder meeting scheduled to take place on October 16.