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WASHINGTON (AP) — The Supreme Court is hearing arguments in a challenge to the Securities and Exchange Commission's ability to fight fraud, part of a broad attack on regulatory agencies led by conservative and business interests. Circuit Court of Appeals ruled in favor of Jarkesy and his Patriot28 investment adviser group on three separate issues. And it said laws shielding the commission’s administrative law judges from being fired by the president are unconstitutional. Jarkesy's lawyers noted that the SEC wins almost all the cases it brings in front of the administrative law judges but only about 60% of cases tried in federal court. A decision upholding the 5th Circuit's ruling could sweep far more broadly, calling into question the authority of administrative law judges at numerous federal agencies, the Justice Department said.
Persons: Biden, George R, Jarkesy, , Jennifer Walker Elrod, Andrew Oldham, Elrod, George W, Bush, Donald Trump, Eugene Davis, Ronald Reagan Organizations: WASHINGTON, Securities, Exchange, SEC, Circuit, Oldham, Justice Department Locations: New Orleans
The nine justices are due to hear arguments in an appeal by President Joe Biden's administration of a lower court's decision restricting the SEC's in-house tribunal system. Circuit Court of Appeals in 2022 ruled that the SEC's in-house proceedings violate the U.S. Constitution's Seventh Amendment right to a jury trial and infringe on presidential and congressional powers. The SEC, which enforces various U.S. laws that protect investors, pursued 270 new in-house proceedings in the fiscal year that ended on Sept. 30, compared to 231 in federal court. The court in 2018 faulted the way the SEC selected its in-house judges, and in April made it easier for targets of agency actions to mount challenges in federal court. The Supreme Court is expected to rule by the end of June.
Persons: Andrew Kelly, Joe Biden's, George Jarkesy, Jarkesy, Andrew Chung, John Kruzel, Will Dunham Organizations: U.S . Securities, Exchange Commission, Washington , D.C, REUTERS, Rights, U.S, Supreme, Securities, Exchange, Circuit, SEC, Patriot28, U.S . Consumer, Thomson Locations: Washington ,, New Orleans, Constitution's, Houston, disgorge, New York, Washington
The case involves hedge fund manager George Jarkesy, who the SEC fined and barred from the industry after determining he had committed securities fraud. Critics of the agency have argued that its in-house system gives it the unfair advantage of prosecuting cases before its own judges rather than before a jury in federal court. The case could make it harder for the SEC weed out bad actors in the securities industry, legal experts said. The court in 2018 faulted the way the SEC selected its in-house judges, and in April made it easier for targets of agency actions to mount challenges in federal court. The FINRA case - a constitutional challenge to its structure brought by Utah-based Alpine Securities Corp - is currently before another federal appellate court and eventually could come to the Supreme Court.
Persons: Andrew Kelly, Joe Biden's, George Jarkesy, Jarkesy, infringes, Benjamin Edwards, Edwards, FINRA, James Park, Andrew Chung, Will Dunham Organizations: U.S . Securities, Exchange Commission, SEC, Washington , D.C, REUTERS, Exchange, Circuit, 5th Circuit, Financial Industry Regulatory Authority, University of Nevada, Consumer, U.S, Constitution, Patriot28, Securities, Jarkesy, Alpine Securities Corp, Supreme, UCLA School of Law, Thomson Locations: Washington ,, New Orleans, Constitution's, Las Vegas, Houston, disgorge, Utah
The sun sets on the U.S. Supreme Court building after a stormy day in Washington, U.S., November 11, 2022. Idaho's Republican attorney general and top Republican state lawmakers in court papers told the Supreme Court that Winmill's ruling has permitted "an ongoing violation of both Idaho's sovereignty and its traditional police power over medical practice." Winmill that month agreed, blocking the Idaho law from being enforced in cases of abortions needed to avoid putting the woman's health in "serious jeopardy" or risking "serious impairment to bodily functions." Circuit Court of Appeals in September agreed to let Idaho enforce its ban amid an appeal. But the full 9th Circuit this month reversed the panel's ruling, granting the Biden administration's request to block the Idaho law while the appeal proceeds.
Persons: Leah Millis, Joe Biden's, District Judge B, Lynn Winmill's, Wade, Roe, Biden, James Wesley Hendrix, preliminarily, John Kruzel, Will Dunham Organizations: U.S, Supreme, REUTERS, Rights, Monday, Republican, Democratic, District Judge, Defense, U.S . Department of Health, Human Services, Labor, Biden, Circuit, Appeals, District, Thomson Locations: Washington , U.S, Idaho, In Idaho, U.S, San Francisco, Texas, New Orleans
Circuit Court of Appeals threw out a 3-2 decision issued last year by the National Labor Relations Board, which had said Tesla couldn’t prohibit union attire. The court opinion noted that Tesla allowed workers to affix “any number or size” of pro-union stickers to company-issued clothing. “We may have concluded differently had Tesla prohibited union insignia," read the opinion issued Tuesday by a unanimous panel of three 5th Circuit judges. The opinion comes as the 5th Circuit prepares for arguments in another union-related matter involving Tesla, NLRB and the assembly plant in Fremont, California. But that order was vacated after the full 5th Circuit, currently with 16 full-time judges, voted to hear the matter.
Persons: Tesla, didn't, , Jerry Smith, Elon Musk, Musk, Smith, Ronald Reagan, Leslie Southwick, George W ., Stephen Higginson, Barack Obama Organizations: ORLEANS, United Auto Workers, U.S, Circuit, National Labor Relations Board, Associated Press, UAW, NLRB, Twitter Locations: California, Fremont , California
Companies Tesla Inc FollowNov 15 (Reuters) - Tesla Inc (TSLA.O) did not violate U.S. labor law by prohibiting workers at its flagship Fremont, California, assembly plant from wearing pro-union t-shirts, a federal appeals court has ruled. The electric vehicle maker adopted its uniform policy in 2017 amid an organizing campaign by the United Auto Workers union (UAW). President Joe Biden said last week that he supported the union's efforts to organize workers at Tesla and Toyota. Tesla's "team wear" policy required employees to wear black shirts imprinted with the Tesla logo. A three-judge 5th Circuit panel in March had affirmed the labor board's decision.
Persons: Tesla, Joe Biden, Elon Musk, tweeting, Daniel Wiessner, Nick Zieminski Organizations: Tesla, Tesla Inc, Circuit, Appeals, National Labor Relations Board, NLRB, United Auto Workers union, UAW, U.S, Detroit Three, Toyota, Thomson Locations: Fremont , California, New Orleans, Albany , New York
NEW ORLEANS (AP) — A Louisiana lawyer who objected to the state bar association’s public statements on several issues including health tips and LGBTQ rights can no longer be forced to join or pay dues to the association, a federal appeals court has ruled. Circuit Court of Appeals order, dated Monday, blocks the Louisiana State Bar Association from forcing attorney Randy Boudreaux to join the LSBA or pay its dues, at least for now. Boudreaux's is one of more than two dozen cases playing out around the country challenging state requirements that attorneys join and pay dues to state bar associations. Organizations including the Goldwater Institute and, in Louisiana, the Pelican Institute, are challenging mandatory bar association membership as violations of free speech rights. The association's promotion of an article on the effects of student loan debt on young lawyers was not germane, the court found.
Persons: Randy Boudreaux, Boudreaux's, Monday's, LSBA, Jerry Smith, Boudreaux, , Smith, ” Smith, , Dane Ciolino, Ronald Reagan, Carolyn Dineen King, Jimmy Carter, Jennifer Walker Elrod, George W, Bush Organizations: ORLEANS, , U.S, Circuit, Louisiana State Bar Association, Goldwater Institute, Pelican Institute, Twitter, LGBT Locations: Louisiana, Texas
Circuit Court of Appeals ruling means the lease sale — once set for September, but postponed multiple times amid legal fights — will be held in December. And it must cover 73 million acres (30 million hectares), as originally planned when the administration announced the sale in the spring. The administration later scaled back the area covered by the lease sale to 67 million acres (27 million hectares) as part of an agreement to protect the endangered Rice’s whale. But the state of Louisiana joined oil and gas companies in opposing the changes. The American Petroleum Institute, a powerful U.S. oil and gas industry trade association, lauded the development.
Persons: Biden, , ” George Torgun, Ryan Meyers Organizations: ORLEANS, U.S, Circuit, Industry, Biden, American Petroleum Institute, Energy, Fifth Circuit Locations: Gulf, Mexico, Louisiana
Parts of a ghost gun kit are on display at an event held by U.S. President Joe Biden to announce measures to fight ghost gun crime, at the White House in Washington U.S., April 11, 2022. Circuit Court of Appeals sided with a group of firearm owners, gun rights groups and manufacturers in declaring the Bureau of Alcohol, Tobacco, Firearms and Explosives' 2022 rule "unlawful." "ATF, in promulgating its final rule, attempted to take on the mantle of Congress to 'do something' with respect to gun control," he wrote. The administration has said that ghost guns are attractive to criminals and others prohibited from lawfully buying firearms, including minors. There were about 20,000 suspected ghost guns reported in 2021 to the ATF as having been recovered by law enforcement in criminal investigations - a tenfold increase from 2016, according to the White House.
Persons: Joe Biden, Kevin Lamarque, Biden, Donald Trump, Kurt Engelhardt, Cody Wisniewski, Nate Raymond, Michael Perry Organizations: U.S, White, REUTERS, Circuit, Alcohol, Tobacco, Firearms, Explosives, Republican, Gun Control, U.S . Department of Justice, Coalition Action Foundation, ATF, Biden, Thomson Locations: Washington U.S, New Orleans, Texas, U.S ., Boston
"Ghost guns" seized in federal law enforcement actions are displayed at the Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF) field office in Glendale, California on April 18, 2022. A federal appeals court on Thursday ruled that the Biden administration lacked authority to adopt a regulation aimed at reining in privately made firearms called "ghost guns" that are difficult for law enforcement to trace. Circuit Court of Appeals sided with a group of firearm owners, gun rights groups and manufacturers in declaring the Bureau of Alcohol, Tobacco, Firearms and Explosives' 2022 rule "unlawful." The administration has said that ghost guns are attractive to criminals and others prohibited from lawfully buying firearms, including minors. There were about 20,000 suspected ghost guns reported in 2021 to the ATF as having been recovered by law enforcement in criminal investigations — a tenfold increase from 2016, according to the White House.
Persons: Biden, Donald Trump, Kurt Engelhardt, Cody Wisniewski Organizations: Alcohol, Tobacco, Firearms, Explosives, Circuit, Republican, Gun Control, U.S . Department of Justice, U.S, Coalition Action Foundation, ATF, Biden Locations: Glendale , California, New Orleans, Texas, U.S .
Circuit Court of Appeals concluded that the measure failed a stringent test set by the Supreme Court in a 2022 ruling that required gun laws to be "consistent with the nation's historical tradition of firearm regulation" in order to survive a Second Amendment challenge. Violating the law initially was punishable by up to 10 years in prison but has since been raised to 15 years. A federal judge rejected Rahimi's Second Amendment challenge and sentenced him to more than six years in prison. Biden's administration has said the law should survive because of the long tradition in the United States of taking guns from people deemed dangerous. Supporters of Rahimi have argued that judges too easily issue restraining orders in an unfair process that results in the deprivation of the constitutional gun rights of accused abusers.
Persons: Joe Biden, Kevin Lamarque, Joe Biden's, Bruen, Zackey, Rahimi, Andrew Chung, Will Dunham Organizations: U.S, White, REUTERS, Rights, Supreme, Circuit, Appeals, New York State, Police, Thomson Locations: Washington U.S, Orleans, New York, Texas, Bruen, United States
A group among hundreds of supporters of gun control laws rally in front of the US Supreme Court as the justices hear the first major gun rights case since 2010, in Washington, U.S. December 2, 2019. The law at issue makes it a crime for a person under a domestic violence restraining order to have a gun. And in this case, many gun rights groups and conservative or libertarian legal scholars support Rahimi's challenge, while many liberal and gun safety organizations oppose it. The Supreme Court will hear an appeal by President Joe Biden's administration of a ruling by the 5th U.S. It also emphasized that a gun's presence gun substantially increases the chances that a domestic violence incident turn deadly.
Persons: Andrew Chung, Phil Sorrells, they're, Sorrells, Zackey Rahimi, George Mocsary, Joe Biden's, Donald Trump's, Rahimi, Eve Brensike Primus, Primus, Will Dunham Organizations: US, Court, REUTERS, U.S, Supreme, Republican, University of Wyoming, Circuit, Appeals, New York, University of Michigan Law, Thomson Locations: Washington , U.S, New Orleans, Tarrant County, Texas, United States, New York, Republican Texas
Five Black candidates are running for statewide office, from agriculture commissioner to secretary of state. A common complaint is about a purging of voter rolls that has caused problems for Black voters as recently as this year’s August primary. Many other states in recent years have taken steps to reinstate voting rights for former felons. Critics also said it was another way to make it harder for Black voters to elect candidates of their choice. That sentiment is especially strong on college campuses, a focal point of several of the Black candidates running for statewide office.
Persons: JACKSON, Tiffany Wilburn, ” Wilburn, Wilburn, , , Glennard Warren, Robert Bradford, “ We’ve, Taylor Turnage, I’ve, ‘ You’re, they’re, it’s, carjacking, what’s, Danyelle Holmes, Marvin King, Jackson, Tate Reeves, Brandon Presley, Critics, Ty Pinkins, Austin Crudup, Emily Wagster Pettus, Gary Fields, Jonathan Logan Organizations: Black, Republicans, Democratic, Mississippi, U.S, Supreme, Circuit, University of Mississippi, Republican Gov, Republican, Legislature, Jackson, Mississippi Supreme, Jackson State University, Associated Press, Jonathan Logan Family Foundation, AP Locations: Miss, Black, Jackson, Mississippi, Vicksburg, Tougaloo, In Mississippi, Jackson , Mississippi, Washington
Federal appeals courts have come to different decisions about whether the regulation defining a bump stock as a machine gun comports with federal law. The Trump administration’s ban on bump stocks was an about-face for the federal Bureau of Alcohol, Tobacco, Firearms and Explosives. The full U.S. 5th Circuit ruled 13-3 in January that Congress would have to change federal law to ban bump stocks. But a panel of three judges on the federal appeals court in Washington looked at the same language and came to a different conclusion. As such, it is a machine gun under the National Firearms Act and Gun Control Act.”A decision is expected by early summer in Garland v. Cargill, 22-976.
Persons: Biden, Trump, Obama, Jennifer Walker Elrod, Robert Wilkins Organizations: WASHINGTON, Supreme, Justice Department, U.S, Circuit, Trump, of Alcohol, Tobacco, Firearms, Explosives, Las, ATF, 5th Circuit, National Firearms Act, Control, U.S ., Appeals, District of Columbia Circuit, Cargill Locations: Las Vegas, New Orleans, Washington, Garland
Bump stocks use a semiautomatic's recoil to allow it to slide back and forth while "bumping" the shooter's trigger finger, resulting in rapid fire. The Supreme Court previously had turned away some challenges to the bump stocks prohibition. Cargill sued to challenge the rule, which required him to surrender his two bump stocks. That decision "threatens significant harm to public safety," the Justice Department said in a filing to the Supreme Court. "Bump stocks allow a shooter to fire hundreds of bullets a minute by a single pull of the trigger.
Persons: George Frey, Donald Trump, Joe Biden's, Michael Cargill, Cargill, Richard Samp, Samp, Biden, Andrew Chung, Will Dunham Organizations: REUTERS, U.S, Supreme, Trump, Alcohol, Tobacco, Firearms, Explosives, U.S . Justice Department, National Firearms Act, New Civil Liberties Alliance, Cargill, ATF, U.S . Justice, Circuit, Justice Department, National Rifle Association, Thomson Locations: Orem , Utah, U.S, Austin , Texas, Las Vegas, New Orleans, United States, New York
Freeman also worked as a contract lawyer for Jackson Walker after leaving the firm. Jones and Jackson Walker signed off on the arrangement without disclosing the relationship, court papers show. Until then he was the busiest bankruptcy judge in the United States, overseeing the dissolution or restructuring of corporate titans ranging from Neiman Marcus to J.C. Penney. Bankruptcy judges often serve as mediators in complex cases that are being run by other judges. In the GWG bankruptcy, Jackson Walker on Nov. 30 asked the judge overseeing the case to appoint Jones as mediator.
Persons: David Jones, Jones, Jackson Walker, Elizabeth Freeman, Freeman, Neiman Marcus, J.C, Tom Kirkendall, Jackson, Debtwire, Tehum, Bruce Markell, Tom Hals, Dietrich Knauth, Alexia Garamfalvi, Amy Stevens, Grant McCool Organizations: Reuters, REUTERS, Staff, McDermott International, Houston, GWG Holdings, Wall Street, U.S, Circuit, Appeals, U.S . Department of, Tehum Care Services, Corizon, U.S ., Thomson Locations: Houston , Texas, U.S, WILMINGTON , Delaware, Texas, Houston, United States, Penney, GWG, Wilmington , Delaware, New York
By Ted Hesson and Daniel WiessnerWASHINGTON (Reuters) -A U.S. federal appeals on Friday sided with Texas Governor Greg Abbott on technical grounds over a 2021 executive order that restricted transport of migrants through the state, saying a lower court should dismiss a related legal challenge. Circuit Court of Appeals found that immigration advocates lacked the legal authority to sue Abbott over the transportation prohibition. The 5th Circuit found that Abbott's authority as governor barred the immigration advocates from challenging the executive order. A U.S. district court judge in September ordered Texas to move the barriers, but the 5th Circuit stayed that ruling pending an appeal by Texas. (Reporting by Ted Hesson in Washington and Dan Wiessner in Albany, New York; Editing by David Gregorio)
Persons: Ted Hesson, Daniel Wiessner WASHINGTON, Greg Abbott, Abbott, Joe Biden's, Biden, Dan Wiessner, David Gregorio Organizations: U.S, Texas, Circuit, Appeals, Republican Locations: New Orleans, Rio, U.S, Texas, Washington, Albany , New York
Circuit Court of Appeals found that immigration advocates lacked the legal authority to sue Abbott over the transportation prohibition. Abbott, a Republican, has criticized Democrat Biden for failing to adequately secure the border and stepped up the state's response to record migrant arrivals in recent years. The 5th Circuit found that Abbott's authority as governor barred the immigration advocates from challenging the executive order. A U.S. district court judge in September ordered Texas to move the barriers, but the 5th Circuit stayed that ruling pending an appeal by Texas. Reporting by Ted Hesson in Washington and Dan Wiessner in Albany, New York; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.
Persons: Greg Abbott, Abbott, Joe Biden's, Biden, Ted Hesson, Dan Wiessner, David Gregorio Our Organizations: Customs, Protection, U.S, Texas, Circuit, Appeals, Republican, Thomson Locations: Central America, Anzalduas, Rio Grande, United States, Mexico, Granjeno , Texas, U.S, WASHINGTON, New Orleans, Rio, Texas, Washington, Albany , New York
NEW ORLEANS (AP) — A 1992 federal court agreement that led to a Black justice being elected to Louisiana’s once all-white Supreme Court will remain in effect under a ruling Wednesday from a divided federal appeals court panel. Circuit Court of Appeals upholds a lower court ruling. It's a defeat for state Attorney General Jeff Landry, now Louisiana's governor-elect. Wednesdays ruling from 5th Circuit judges Jacques Wiener, nominated to the court by President George H.W. Bush, and Carl Stewart, nominated by President Bill Clinton, rejected Landry's move to overturn Morgan's decision.
Persons: Louisiana’s, Jeff Landry, Landry, Elizabeth Murrill, Susie Morgan, Jacques Wiener, George H.W, George H.W . Bush, Carl Stewart, Bill Clinton, Landry's, Kurt Engelhardt, Donald Trump Organizations: ORLEANS, U.S, Circuit, Republican, U.S . Justice Department Locations: George H.W .
Circuit Court of Appeals rejected lawsuits seeking to block the rule last week, saying constitutional claims do not apply to Nasdaq, which is a private entity. The Alliance for Fair Board Recruitment, one of the groups that sued, is now requesting the full 5th Circuit to review that ruling. The 5th Circuit said in its Oct. 18 ruling that while the government regulates Nasdaq, it does not control the exchange. The case is Alliance For Fair Board Recruitment v. SEC, 5th U.S. Circuit Court of Appeals, No.
Persons: Edward Blum, Jody Godoy, Aurora Ellis Organizations: U.S . Securities, Exchange Commission, SEC, U.S, Circuit, Nasdaq, Fair, Harvard University, University of North, Republican, Democratic Biden, Democratic, Companies, Thomson Locations: University of North Carolina, New York
Tesla is suing the Louisiana Automobile Dealers Association, members of the Louisiana Motor Vehicle Commission and a group of dealers. The Justice Department and lawyers for Tesla said U.S. civil antitrust law does not require a showing of intent. Adding that requirement would "improperly" restrict antitrust law, Justice Department lawyers told the appeals court. Tesla countered in the appeal that Louisiana car dealers had "agreed with one another to harass Tesla with baseless investigations and drive it out of the state." The case is Tesla v. Louisiana Automobile Dealers Association et al, 5th U.S.
Persons: Tyrone Siu, Tesla, Elon Musk, Sarah Vance, Vance, Ari Holtzblatt, Wilmer Cutler Pickering Hale, Dorr, Mark Beebe, Adams, Reese, Paul Clement of Clement, Murphy, Matthew Mandelberg, Read, Mike Scarcella Organizations: Tesla, REUTERS, Tyrone, U.S . Justice, Louisiana Automobile Dealers Association, Louisiana Motor Vehicle Commission, Department, Circuit, Appeals, Justice Department, Louisiana Legislature, Louisiana Automobile Dealers, 5th U.S, Reese For Louisiana Automobile Dealers, Thomson Locations: Taipei, Taiwan, New Orleans, U.S, Louisiana, Michigan, 5th, States
WASHINGTON — The Supreme Court on Friday blocked in full a lower court ruling that would have curbed the Biden administration's ability to communicate with social media companies about contentious content on such issues as Covid-19. Donald Trump was president at the time, but the district court ruling focused on actions taken by the government after President Joe Biden took office in January 2021. But the appeals court still required the White House, the FBI and top health officials not to "coerce or significantly encourage" social media companies to remove content the Biden administration considers misinformation. The administration turned to the Supreme Court hoping to freeze Doughty's ruling in full. The district court ruling was on hold while the Supreme Court decided what steps to take.
Persons: WASHINGTON —, Samuel Alito, Clarence Thomas, Neil Gorsuch, Alito, Jim Hoft, Donald Trump, Joe Biden, Terry Doughty, Biden, White, Karine Jean, Pierre, Vivek Murthy, Elizabeth Prelogar, Prelogar Organizations: Biden, U.S, Trump, Circuit, FBI, Supreme Locations: Louisiana, Missouri
Circuit Court of Appeals, where Republican Secretary of State Kyle Ardoin has appealed Dick's preliminary injunction that blocked the legislature's map. The injunction directed the legislature to create two House districts, rather than just one, where Black voters would represent the majority of voters. Black voters tend to favor Democratic candidates. The Louisiana legislature passed the map in February 2022. The Supreme Court in June ruled in a similar case against a Republican-drawn map in Alabama that a lower court had concluded unlawfully curbed Black voters from electing a candidate of their choice.
Persons: Andrew Chung, Shelly Dick, Dick, Kyle Ardoin, Jon Bel Edwards, Ketanji Brown Jackson, Stuart Naifeh, Abha Khanna, Ardoin, Jeff Landry, Dick's, Will Dunham Organizations: Reuters, U.S, Supreme, Republican, voters, Black, House, Republicans, New, Circuit, Appeals, Democratic, Liberal, NAACP Legal Defense, Educational Fund Locations: New Orleans, Louisiana, Alabama
The United States Supreme Court building is seen as in Washington, U.S., October 4, 2023. The injunction directed the legislature to create two House districts, rather than just one, where Black voters would represent the majority of voters. Black voters tend to favor Democratic candidates. The Louisiana legislature passed the map in February 2022. The Supreme Court in June ruled in a similar case against a Republican-drawn map in Alabama that a lower court had concluded unlawfully curbed Black voters from electing a candidate of their choice.
Persons: Evelyn Hockstein, Shelly Dick, Dick, Kyle Ardoin, Jon Bel Edwards, Ketanji Brown Jackson, Stuart Naifeh, Abha Khanna, Ardoin, Jeff Landry, Dick's, Andrew Chung, Will Dunham Organizations: United States Supreme, REUTERS, U.S, Supreme, Republican, voters, Black, House, Republicans, New, Circuit, Appeals, Democratic, Liberal, NAACP Legal Defense, Educational Fund, Thomson Locations: Washington , U.S, New Orleans, Louisiana, Alabama
The Nasdaq logo is displayed at the Nasdaq Market site in Times Square in New York City, U.S., December 3, 2021. The SEC acted within its authority in approving the rule, and was allowed to consider the opinions of investors who said board diversity information was important to their investment decisions, the court said. "This evidence is sufficient to support the SEC's determination that regardless of whether investors think that board diversity is good or bad for companies, disclosure of information about board diversity would inform how investors behave in the market," the panel wrote. They said the rule is not a quota but a disclosure requirement that provides standardized information on board diversity. Circuit Court of Appeals, No.
Persons: Edward Blum, Blum, Biden, Jody Godoy, Mark Porter, Jonathan Oatis Organizations: Nasdaq, REUTERS, Circuit, National Center for Public Policy Research, Alliance for Fair, SEC, Harvard University, University of North, U.S . Securities, Exchange Commission, Companies, Republican, Democratic, Fair, U.S, Thomson Locations: New York City, U.S, New Orleans, University of North Carolina, New York
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