DC Circuit Court of Appeals Denies Stay Motion Regarding Conflict Minerals Rule

Summary: In an order issued on May 14, 2014, the US Court of Appeals for the District of Columbia Circuit denied the National Association of Manufacturers’ emergency motion to stay the effectiveness of the SEC’s conflict minerals rules. As a result, companies are required to file their first Form SDs no later than June 2, 2014, in accordance with the guidance issued by the SEC on April 29, 2014.