MeVC, the US venture capital fund that is under attack from one of its shareholders, was brought closer to the negotiating table when the New York Stock Exchange said &quotsigned but not voted&quot proxies would not count in a crucial shareholder meeting that will now be held next month.

Millennium Partners, the disgruntled meVC shareholder, is attempting to prevent the fund's board of directors from taking the power to appoint the fund's managers without having to ask for shareholder approval.