November 18, 2015｜Written by GreenSoft Technology, Inc. With surprising speed, the D.C. Circuit U.S. Court of Appeals has denied the SEC and Amnesty International’s petition for a rehearing en banc of the Court’s recent rulings on the Conflict Mineral provisions of the Dodd-Frank Act. In April 2014, the Court determined that provisions of the Dodd-Frank Act that required companies […]
March 04, 2015｜Written by GreenSoft Technology, Inc. Congressional Republicans in the U.S. have sent a letter to the U.S. Securities and Exchange Commission (SEC) urging the SEC to drop their effort to force manufacturers to report whether or not their products are found to be conflict free. In April 2014, the D.C. Circuit Court of […]
November 19, 2014｜Written by GreenSoft Technology, Inc. The D.C. Court of Appeals issued an order today granting a panel rehearing on the court’s April 14, 2014 Conflict Minerals decision. Petitions for a panel rehearing were filed by the SEC and Amnesty International on May 29. On September 12, the National Association of Manufacturers, the U.S. Chamber […]
May 15, 2014｜Written by GreenSoft Technology, Inc. On May 14, the DC District Court of Appeals denied a motion to stay the Conflict Minerals Rule, or at least the Rule’s June 2 reporting deadline. Three groups (the National Association of Manufacturers, the Business Roundtable and the U.S. Chamber of Commerce) had recently filed a motion to […]
April 30, 2014｜Written by GreenSoft Technology, Inc. On April 29 the SEC issued a “Statement on the Effect of the Recent Court of Appeals Decision on the Conflict Minerals Rule.” The statement can be foundhere. In summary, the SEC indicates that companies are expected to continue to file reports required by the Conflict Minerals rule. […]
July 23, 2013｜Written by GreenSoft Technology, Inc. On July 23 the D.C. District Court rejected plaintiffs’ claims and denied the challenge to the Conflict Minerals rule. The impact is that the rule will continue in effect as adopted. There is no de minimus exception under the rule and retailers and contract manufacturers remain subject to […]
March 11, 2013｜Written by GreenSoft Technology, Inc. The National Association of Manufacturers (NAM), the U.S. Chamber of Commerce and other groups filed suit against the SEC in January. The suit argued that the regulation is too costly, burdonsome, inconsistent with congressional intent, and ultimately that they are unconstitutional because they compel companies to disclose information in violation of […]
