Simpson Thacher Attorneys Author Article on Fifth Circuit Decision Vacating the SEC’s Approval of Nasdaq’s Board Diversity Rules
01.14.25
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Partners Joseph Kaufman, Karen Hsu Kelley and Leah Malone, Counsel Emily Holland and Associates Alexis Capati and Tenzin Dolkar authored an article titled, “Fifth Circuit Vacates SEC’s Approval of Nasdaq Board Diversity Rules,” which was published by the Harvard Law School Forum on Corporate Governance. The article detailed the recent U.S. Court of Appeals for the Fifth Circuit decision vacating the SEC’s approval of Nasdaq’s Disclosure Rule and Diversity Rule, holding that the SEC exceeded its authority under the Securities Exchange Act of 1934. It further explored significant takeaways from the decision and offered important context on how the ruling fits into the broader DEI landscape.
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