A federal appeals court blocked Nasdaq rules to increase boardroom diversity, saying that the Securities and Exchange Commission did not have the authority to approve them.. Wednesday’s ruling ...

Nasdaq sought to impose rules requiring companies listed on the exchange to have women and minority directors on their boards. CEO Adena Friedman, above. Getty Images for Fortune Media ...

One of the groups that sued the SEC over Nasdaq’s board-diversity rules, the Alliance for Fair Board Recruitment, was founded by Edward Blum, an activist who has waged a number of court fights ...

Court Holds that SEC Approval was Unsupported by Exchange Act. In an en banc decision filed on December 11, 2024, the U.S. Court of Appeals for the Fifth Circuit (Fifth Circuit) vacated the 2021 ...

A federal appeals court blocked Nasdaq rules to increase boardroom diversity, saying that the Securities and Exchange Commission did not have the authority to approve them. Wednesday’s ruling ...

Nasdaq faces a multistate inquiry into whether its listing rules on boardroom diversity are a form of discrimination, adding to the conservative pushback to its policies. “Given Nasdaq’s ...

A federal appeals court on Wednesday ruled that Nasdaq could not impose rules requiring companies listed on the exchange to have women and minority directors on their boards or explain why they do ...

The New Orleans-based Fifth U.S. Circuit Court of Appeals ruled Wednesday that the Securities and Exchange Commission had erred in 2021 when it approved two Nasdaq listing rules focused on ...

On December 11, 2024, in a 9-8 decision, the United States Court of Appeals for the Fifth Circuit ruled that in approving the Nasdaq Stock Market’s (Nasdaq) board diversity rules (the Rules ...