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Supreme Court May Be Last Stop for Conflict Minerals Rule

Joe Mont | November 10, 2015

The Securities and Exchange Commission’s conflict minerals rule could be headed to the Supreme Court.

On Monday afternoon, the U.S. Court of Appeals for the D.C. Circuit denied petitions filed by the SEC and Amnesty International seeking an en banc rehearing—one argued before a full complement of the court’s judges—of an earlier decision that found certain disclosure requirements in the rule to be unconstitutional. In response, the SEC has 90 days to file a petition for a writ of certiorari seeking a review of the appellate court’s decision by the Supreme Court.

In August, a judicial panel, with a 2-1 decision, upheld an earlier ruling that prohibited the SEC from...

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