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Ecology Action Centre calls for immediate implementation of Coastal Protection Act | SaltWire - A conservative group that lost a challenge to Nasdaq's board diversity disclosure rule appealed the decision on Wednesday, requesting a full court review and saying that the rule discriminates based on race and sex.
The Alliance for Fair Board Recruitment, one of the groups that sued, is now requesting the full 5th Circuit to review that ruling. If the petition is accepted, the question will go to the full 5th Circuit, where 12 of the 16 active judges were appointed by Republican presidents. The court has issued several high-profile rulings adverse to the Democratic Biden administration.
The groups claim the rule violates the U.S. Constitution's prohibition of discriminatory laws and restraints on free speech. They argued that those restrictions on government extend to Nasdaq because the SEC could penalize the exchange if it does not enforce the rule.
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