Civil Remedies

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News & Analysis as of May 23, 2013

SEC Rejects Motion to Stay Resource Extraction Disclosure Rules

by Robert L. Kohl, Daniel J. Silverthorn | Katten Muchin Rosenman LLP on 11/20/2012

On November 8, the Securities and Exchange Commission denied a motion to stay the effective date of the recently enacted resource extraction disclosure rules. These rules, adopted by the SEC on August 22, require public...more

SEC Rejects Request to Stay New Extractive Industry Transparency Rule

by Sarah A. Altschuller | Foley Hoag LLP - Corporate Social... on 11/12/2012

On November 8, the Securities and Exchange Commission (“SEC”) rejected a request by industry groups to stay new regulations requiring disclosure of payments to governments relating to oil, gas, and mining projects. The...more

SEC Rejects Stay of Resource Extraction Rules

by Stephen M. Quinlivan | Leonard, Street and Deinard - Dodd-Frank and... on 11/9/2012

On November 8, 2012, the SEC rejected a motion to stay the resource extraction rules pending outcome of litigation challenging the validity of the rules....more

Trade Associations Sue SEC to Block Resource Extraction Disclosure Rules

by Katten Muchin Rosenman LLP on 10/23/2012

On October 10, various trade associations, including the American Petroleum Institute, the Independent Petroleum Association of America and the National Foreign Trade Council, as well as the Chamber of Commerce of the United...more

Federal Court Concludes Much of SEC Claims Against Nicor Gas Executives Are Full of Gas

by Orrick - Securities Litigation and Regulatory... on 9/5/2012

A federal judge in Illinois hollowed out much of the SEC’s case against two former executives of Nicor Gas. SEC v. Fisher, et al., No. 07-4483 (N.D. Ill.) (Zagel, J.) (Order). Although the court allowed the SEC’s substantive...more

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