SEC Won't Stay Dodd-Frank's Energy Disclosure Rule Amid Suits

Law360, New York (November 9, 2012, 3:23 PM EST) -- The U.S. Securities and Exchange Commission on Thursday refused to halt a provision mandated by the Dodd-Frank Act that requires companies to disclose what they pay foreign governments for the right to extract oil, natural gas and other resources, pending litigation, ruling there was no proof of imminent injury to the plaintiffs.

In an order denying a motion for a stay filed by the plaintiffs — the American Petroleum Institute, U.S. Chamber of Commerce, Independent Petroleum Association of America and National Foreign Trade Council — pending...
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