April 19, 2024
The U.S. Securities and Exchange Commission has been grabbing headlines over the past couple of months as it attempts to fend off a host of lawsuits challenging recently enacted climate disclosure rules, but the agency has been no stranger to litigation brought by business groups opposing everything from new stock buyback disclosures to the agency's growing private fund oversight to its hands-off approach to crypto rule writing.
October 26, 2023
The Sixth Circuit on Thursday questioned the U.S. Securities and Exchange Commission's short public comment period on plans to reverse Trump-era rules governing proxy advisory firms, with one judge speculating whether it was a tactic from the agency to moot separate litigation involving the rule.
June 21, 2023
The U.S. Chamber of Commerce held strong on its stance that the U.S. Securities and Exchange Commission's rollback of its own 2020 proxy advisory rule was illegal in an opening appellate brief filed with the Sixth Circuit, arguing that "that type of agency flip-flopping is not and should not be permissible."
May 04, 2023
The U.S. Chamber of Commerce and other business groups are planning to ask the Sixth Circuit to revive a lawsuit claiming the U.S. Securities and Exchange Commission improperly revised rules governing proxy advisory firms after a Tennessee federal judge dismissed their suit last week.