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.
