SEC Doesn't Have Legal Authority For Climate Disclosure Rule

By Bernard Sharfman (May 7, 2024, 5:10 PM EDT) -- In response to multiple lawsuits in multiple federal courts of appeals,[1] the U.S. Securities and Exchange Commission on April 4 decided to voluntarily suspend implementation of its new rule on climate-related disclosures[2] until the U.S. Court of Appeals for the Eighth Circuit has completed its judicial review of these challenges on a consolidated basis....

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