SEC Will Not Appeal Resource Extraction Decision

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The United States District Court for the District of Columbia previously vacated the SEC resource extraction disclosure rules.  According to various published press reports, the SEC will not appeal the decision.  “The court remanded the matter for further SEC proceedings, which the commission will undertake informed by the court’s decision” according to remarks attributed to an SEC official.  We surmise that means the SEC will propose a new rule consistent with the court decision.

Topics:  Natural Resources, Resource Extraction, SEC

Published In: Civil Procedure Updates, Energy & Utilities Updates, International Trade Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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