As previously noted, the Court of Appeals for the District of Columbia recently dismissed a challenge to the SEC’s resource extraction rules for lack of jurisdiction.  The case was left to proceed pursuant to a previously filed action in the District Court for the District of Colombia. 

A similar challenge was also pending before the Court of Appeals related to the SEC’s conflict minerals rules.  After the ruling in the resource extraction case, the judge sua sponte cancelled oral argument in the conflicts minerals case.  The plaintiffs in the conflicts minerals case then made an unopposed motion to transfer the conflicts minerals case to the District Court.

Check dodd-frank.com frequently for updated information on the JOBS Act, the Dodd-Frank Act and other important securities law matters.