Nasdaq Board-Diversity Rule Takes Center Stage in Court Battle


Legal professionals for conservative teams argued in federal courtroom Monday that Nasdaq push to set variety targets for listed corporations quantities to an unlawful racial and gender quota. 

Two right-leaning teams sued the Securities and Trade Fee final yr, establishing a battle over the hot-button issue of corporate diversity and the way far regulators can go to foster it. The teams sued the SEC as a result of the company authorised Nasdaq’s listing rules, performing in its capability because the inventory alternate’s regulator.


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