Stay Of SEC's Climate Rules Lifted (For Now)

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Foley Hoag LLP

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Foley Hoag provides innovative, strategic legal services to public, private and government clients. We have premier capabilities in the life sciences, healthcare, technology, energy, professional services and private funds fields, and in cross-border disputes. The diverse experiences of our lawyers contribute to the exceptional senior-level service we deliver to clients.
The court-ordered stay of the SEC's new climate rules (discussed in our prior post here) has been lifted, at least for the time being.
United States Environment
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The court-ordered stay of the SEC's new climate rules (discussed in our prior post here) has been lifted, at least for the time being. The stay was in effect for only a week and was lifted by the same court that imposed it, the United States Court of Appeals for the Fifth Circuit. The court lifted the stay in connection with the transfer of the case to the Eighth Circuit, which was assigned responsibility for reviewing the petition filed in the Fifth Circuit as well as similar petitions filed in other circuits. The court's order did not provide a rationale for the reversal. Interestingly, the order notes that one judge opposed the reversal.

The Eighth Circuit has the power to reimpose the stay, either on the same or different terms. Companies affected by the climate rules should continue to monitor the case for further developments.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Stay Of SEC's Climate Rules Lifted (For Now)

United States Environment

Contributor

Foley Hoag provides innovative, strategic legal services to public, private and government clients. We have premier capabilities in the life sciences, healthcare, technology, energy, professional services and private funds fields, and in cross-border disputes. The diverse experiences of our lawyers contribute to the exceptional senior-level service we deliver to clients.
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