U.S. Appeals Court Will Rehear Conflict Minerals Case
In a disappointing development, the U.S. Circuit Court for the District of Columbia agreed last week to rehear the case concerning the U.S. Securities and Exchange Commission’s (SEC) conflict minerals rule. The SEC petitioned for the re-hearing after the D.C. appeals court decided last spring that the regulation violated companies’ First Amendment rights.
The court has not set a date for the new hearing, but Connecting the Dots will keep MSCI updated on news surrounding the SEC regulation, which as The Hill reminds readers, would, according to the SEC’s own estimates, cost U.S. companies $3 billion to $4 billion each year.