The court says Meyer, a former oil company employee, prepared an improperly skewed summary of an initiative to raise taxes on oil companies.
The action comes as an industry-funded opposition group enters the race.
Fischer said he signed because the new revenue would go a long way to protecting things that matter to Alaskans, including the dividend.
The Legislature will have an opportunity to bump the initiative off the ballot by passing legislation materially similar to the bill.
Sponsors say they believe the changes would increase oil revenue to the state by about $1 billion a year.