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Activists Press Full 5th Circ. To Nix Nasdaq Diversity Rule

By Jessica Corso ( March 22, 2024, 9:57 PM EDT) -- Conservative groups opposing a requirement that Nasdaq-listed companies publicly disclose board diversity data are pressing the full bench of the Fifth Circuit to declare the rule unconstitutional, arguing the U.S. Securities and Exchange Commission's involvement in the rulemaking process transforms the requirement into an unconstitutional restraint on free speech. ...

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