D.C. Circuit Denies Emergency Motion to Stay Conflict Minerals Rule (with Woody Comment)

On May 14, 2014, the United States Court of Appeals for the District of Columbia Circuit denied an emergency motion to stay the implementation of the conflict minerals rule. The motion for the stay was filed on May 5, 2014, by the appellants in the litigation - National Association of Manufacturers, the U.S. Chamber of Commerce, and the Business Roundtable. The denial came in the form of a one-sentence per curiam order.

Woody Comment: The emergency motion for a stay may have been the last opportunity to delay the implementation of the rule. Companies must comply with the reporting requirements, subject to the SEC's guidance in its April 29 statement, by June 2, 2014.

See: Per Curiam Order.Related news: SEC Issues Partial Stay of Conflict Minerals Rule (with Woody Comment) (May 2, 2014); SEC Issues Guidance on Conflict Minerals Reporting (with Woody and Lofchie Comments) (April 30, 2014); SEC Chair White: Conflict Minerals Rule Will Not Be Delayed (with Woody Comment) (April 29, 2014).See generally: Cabinet Conflict Minerals specialty page.For more information, please contact Bradley Bondi or Karen Woody.