SEC vs. Courts: The High-Stakes Showdown Over Climate Disclosure That Could Shake Every Investor’s Playbook
In a memo on the Eighth Circuit’s order, law firm Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. concluded the court was refusing “to let the climate disclosure rule die quietly in the dark.” The SEC’s decision not to defend the new regulations would not suffice on its own, in other words: Regulators would have to undergo the official administrative process to quash them.
This response did not align with the administration’s preferred approach. For the sake of “an efficient resolution to the dispute,” the SEC asked the court in last week’s filing to issue a decision, which “would inform the scope and need for such action, including providing insights as to the Commission’s jurisdiction and authority.”
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