Fifth Circuit Vacates SEC Order Approving Nasdaq Board Diversity Rules
By EsqSocial Corporation 23/12/24
On December 11, 2024, the US Court of Appeals for the Fifth Circuit vacated the US Securities and Exchange Commission’s (SEC) order approving The Nasdaq Stock Market LLC’s (Nasdaq) board diversity rules, holding that the rules did not relate to the purpose of the Securities Exchange Act of 1934 (Exchange Act) nor did the SEC have the authority to approve the rules....
By: McDermott Will & Emery