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Nasdaq Unconstitutional Condition Securities and Exchange Commission (SEC)

Troutman Pepper

State AGs Write Amicus Brief Arguing Nasdaq Diversity Rule Is Unconstitutional

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Republican attorneys general (AGs) from 19 states, led by Utah AG Sean D. Reyes, filed an amicus brief urging the Fifth Circuit to rehear a case after a panel of judges declined to entertain a lawsuit challenging diversity...more

Mintz - Securities & Capital Markets...

California Board Diversity Statute Unconstitutional

On April 1, 2022, the Los Angeles County Superior Court granted summary judgment in favor of the plaintiff in Crest v. Padilla, a case challenging the constitutionality of Section 301.4 of the California Corporations Code, a...more

Cozen O'Connor

Diversity or Discrimination? Amicus Brief Argues Against Nasdaq’s Board Diversity Rule

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A group of 17 Republican AGs, led by Arizona AG Mark Brnovich, filed an amicus brief in the U.S. Court of Appeals for the Fifth Circuit in Alliance for Fair Board Recruitment v. SEC, No. 21-60626, in support of a challenge to...more

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