July 24, 2013

Court Upholds SEC Rule on Conflicts Minerals

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On July 23, 2013, the US District Court for the District of Columbia found “no problems with the SEC’s rulemaking” by its adoption of the Conflict Minerals Rule pursuant to Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”). In granting summary judgment to the Securities and Exchange Commission (the “Commission”) and upholding the Conflict Minerals Rules, the Court concluded that the Plaintiffs’ (the National Association of Manufacturers, the Chamber of Commerce and Business Roundtable) “claims lack merit.”

View full memo, "Court Upholds SEC Rule on Conflicts Minerals"

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Masahisa Ikeda

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