Brian V. Breheny, Raquel Fox, David E. Schwartz, Caroline S. Kim and Sidney E. Morales Parodie

Skadden Discusses Fifth Circuit Decision Vacating Nasdaq Board Diversity Rules

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On December 11, 2024, in a 9-8 decision, the United States Court of Appeals for the Fifth Circuit ruled that in approving the Nasdaq Stock Market’s (Nasdaq) board diversity rules (the Rules), the Securities and Exchange Commission (SEC) had …