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U.S. Chamber, NAM Take Legal Action Against Conflict Minerals Rule

Joe Mont | October 22, 2012

The National Association of Manufacturers and the U.S. Chamber of Commerce have initiated a legal challenge against the Securities and Exchange Commission over a regulation that mandates the disclosure of the use of “conflict minerals” in supply chains.

The petition for review was filed on Friday, with an order issued Monday by the U.S. Court of Appeals for the District of Columbia. Although a full brief, outlining the plaintiff's strategy, remains forthcoming, the plaintiffs do request “that the rule be modified or set aside in whole or in part.”

The court, in response to the petition, established a near-term timetable for the petitioners to follow in the weeks ahead. The first batch of documents, including procedural motions, if any, and a “statement of issues to... To get the full story, subscribe now.