Nasdaq, diversity and Appeals court

Court Blocks Nasdaq Diversity Rules Challenging Corporate DEI Efforts
Nasdaq's groundbreaking board diversity rules hit a major roadblock as the U.S. appeals court ruled that it could not impose rules requiring companies listed on the exchange to have women and minority directors on their boards or explain why they do not.
Appeals court overturns Nasdaq’s board diversity requirements
In a significant ruling on Dec. 11, the 5th Circuit Court of Appeals determined that the Securities and Exchange Commission (SEC) lacked
Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
Nasdaq required public companies to have at least one woman, person of color or LGBTQ member on their boards or explain why they do not.
US appeals court tosses Nasdaq board diversity rules
A US appeals court on Wednesday ruled that Nasdaq could not impose rules requiring companies listed on the exchange to have women and minority directors on their boards or explain why they do not.
Appeals Court Strikes Down Nasdaq’s Board-Diversity Rules
The exchange sought to require listed companies to disclose the gender and racial makeup of their boards and set diversity targets.
Nasdaq Diversity Rule Deemed Unenforceable By 5th Circuit
On December 11, 2024, the U.S. Court of Appeals for the 5th Circuit, sitting en banc, ruled that The Nasdaq Stock Market LLC (Nasdaq) cannot
Court rules Nasdaq diversity initiative illegal
Opponents of the proposed DEI rule said it amounted to a public shaming of companies. They also faulted the SEC's approval of the measure.
US appeals court rejects Nasdaq’s diversity rules for company boards
An appeals court in Louisiana has ruled that Nasdaq can’t require diversity on the boards of companies that list on the exchange.
Fifth Circuit Overturns Nasdaq’s ‘Show or Tell’ Diversity Policy
Fifth Circuit strikes down Nasdaq’s board diversity disclosure rule.  Nasdaq communicates its acceptance of the court’s decision to listed companies.  Listed companies no longer need to comply with the rule.
JD Supra30m
Nasdaq Board Diversity Rules Vacated by En Banc Fifth Circuit Decision
In an en banc decision filed on December 11, 2024, the U.S. Court of Appeals for the Fifth Circuit (Fifth Circuit) vacated the 2021 approval by ...
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Nasdaq’s DEI requirements for listed companies struck down
A federal appeals court has overturned Nasdaq's initiatives to impose diversity targets on the boards of its listed ...
Black Enterprise3d
Appeals Court Overturns Nasdaq Boardroom Diversity Rules In Latest Blow To DEI Efforts
The court ruled the SEC lacked authority to approve Nasdaq's board diversity requirements. The 5th Circuit Court of ...
JD Supra20h
Nasdaq Board Diversity Rules Vacated; SEC Approval Found “Arbitrary and Capricious”
In a 9-8 decision on December 10, 2024, the U.S. Court of Appeals for the Fifth Circuit struck down Nasdaq’s efforts to promote diversity on ...