In a decision that has surprised some observers, on July 23rd, the U.S. District Court rejected the National Association of Manufacturers' legal challenge to the conflict minerals rule. After months of pleadings and procedural activity, the district court in NAM v SEC rejected the petitioners' claims that elements of the conflict minerals rule were arbitrary and capricious and that the rule violated the First Amendment. So, the conflict minerals rule remains in place and issuers are required to comply with its requirements and make any required filings by May 31, 2014.
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