NEW CLIMATE-DISCLOSURE RULES SUBJECT TO HEAT OF LEGAL CHALLENGES – While your winter blues are hopefully melting away, recent rule making from the Securities and Exchange Commission is feeling the heat of several lawsuits. In this Snapshot, we review the legal challenges facing the SEC’s highly anticipated climate-disclosure rules. We also address how the SEC’s proxy advisor rules were held invalid and the SEC’s announcement that its share repurchase modernization rules will revert to those in effect prior to the new rule’s effective date. The legal challenges do not stop at the SEC, however, as Nasdaq is also defending a lawsuit related to its director diversity matrix rules.
Source: Securities Snapshot: 1st Quarter 2024