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SEC Loses Bid To Revive Conflict Minerals Disclosure Rule

Law360, New York (August 18, 2015, 12:16 PM EDT) -- A divided D.C. Circuit panel on Tuesday upheld a 2014 ruling that struck down a key part of a U.S. Securities and Exchange Commission requirement that public companies disclose whether their products are free from certain conflict minerals, saying that nothing in the past year of litigation has convinced it to overturn its initial opinion.

In a 2-1 decision on an appeal from the SEC, the panel’s majority said it sees no reason to change its earlier analysis that to require an issuer to declare whether its products are "conflict-free" would compel it to "confess blood on its hands," and thus...

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Subscribers Only

Case Number

Subscribers Only

Court

Appellate - DC Circuit

Nature of Suit

2830 Patent

Date Filed

August 13, 2013

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