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Sent: Saturday, June 24, 2006 11:13 AM
Subject: SEC staff agrees CA can prevent shareholder vote on removal of directors

In a statement dated June 20, 2006, the staff of the SEC accepted CA's argument that the Amalgamated Bank Longview Collective Investment Fund's shareholder proposal to remove directors can be considered "relating to an election for membership on its board of directors" and therefore excluded from the company's proxy statement under Rule 14a-8(i)(8), a provision intended to make director nominations subject to a separate set of SEC rules for candidate disclosures.
Amalgamated has submitted a request for full Commission review of the staff decision, based on policy and legal issues which had not been resolved by the Commission, and on the importance of shareholder rights to remove directors according to the laws of Delaware (DGCL 141(k)) and other states.
Copies of the SEC staff letter and Amalgamated's request for Commission review have been posted on the Forum web site:
Your comments will be welcomed.
             - GL

Gary Lutin
Lutin & Company
575 Madison Avenue, 10th Floor
New York, New York 10022
Tel: 212/605-0335
Fax: 212/605-0325



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