Conflict Minerals Update: Business Organizations File Emergency Motion to Stay Rule
Last week, the Division of Corporation Finance of the Securities and Exchange Commission (“SEC”) announced that issuers must comply with all aspects of the SEC’s conflict minerals rule except for those held to be unconstitutional by the United States Court of Appeals for the District of Columbia Circuit. On May 5, 2014, the appellants filed an emergency motion with the D.C. Circuit, requesting that the court stay the conflict minerals rule in its entirety, pending the district court’s decision on remand.