Federal court rejects Nasdaq's diversity rules
A federal appeals court issued a ruling that struck down Nasdaq's diversity rules for companies listed on the exchange that had been approved by the Securities and Exchange Commission.
Nasdaq won't appeal after court strikes down board diversity rule
In a 9-8 decision, the 5th U.S. Circuit Court of Appeals in New Orleans on Dec. 11, ruled that the SEC exceeded its authority, writing that “the diversity rules cannot be squared with the Securities Exchange Act of 1934.”
Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
Nasdaq required public companies to have at least one woman, person of color or LGBTQ member on their boards or explain why they do not.
Appeals court overturns Nasdaq requirement for diversity on boards
In a 51-page opinion, nine of 17 judges on the full 5th Circuit found the rule violates the Securities Exchange Act of 1934.
US appeals court tosses Nasdaq board diversity rules
A U.S. appeals court on Wednesday ruled that Nasdaq could not impose rules designed to increase diversity in corporate America by requiring companies listed on the exchange to have women and minority directors on their boards or explain why they do not.
Nasdaq’s board diversity rules struck down by US court
The 9-8 decision from the Fifth Circuit Court of Appeals on Tuesday deals another blow to the diversity, equity and inclusion movement in corporate America. The appeals court’s majority found that Nasdaq’s diversity rules,
US appeals court rejects Nasdaq's diversity rules for company boards
An appeals court in Louisiana has ruled that Nasdaq can’t require diversity on the boards of companies that list on the exchange
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