Class Action Lawsuits Investor Alert: Securities Lawsuit Filed by Law Offices of Howard G. Smith December 11, 2024 0 Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased Marqeta, Inc. (“Marqeta” … Related Filings:Investor Alert: Securities Filing by Law Offices of…Marqeta, Inc. (0001522540) Submits SEC Filing: Key…Glancy Prongay & Murray LLP: Leading Securities… Post Navigation Previous In a setback for diversity efforts in corporate America, an appeals court has blocked Nasdaq’s new rules that would require companies listed on the exchange to have at least one woman and one minority or LGBTQ director on their boards. The ruling, issued by the U.S. Court of Appeals for the D.C. Circuit, comes after a group of major business organizations, including the U.S. Chamber of Commerce and the Business Roundtable, sued to challenge the rules. They argued that the requirements went beyond Nasdaq’s authority and interfered with state corporate governance laws. The decision is a blow to Nasdaq’s efforts to promote diversity and inclusion on corporate boards, which have been gaining momentum in recent years. The exchange announced the rules in December 2020, with the goal of increasing diversity and representation among its listed companies. Nasdaq has said that it is reviewing the court’s decision and considering its options for moving forward. The ruling could have implications for other exchanges and companies that have implemented similar diversity requirements. Despite the setback, advocates for diversity in corporate leadership are hopeful that the momentum for change will continue. They argue that diverse boards lead to better decision-making and performance, and that companies should prioritize diversity and inclusion in their governance practices. The ruling highlights the ongoing debate over diversity and inclusion in corporate America, and the challenges that come with implementing meaningful change. It remains to be seen how Nasdaq and other companies will respond to the court’s decision, and whether diversity efforts will continue to be a priority in the future.Next US Appeals Court Strikes Down Nasdaq Board Diversity Rules More Stories Class Action Lawsuits SYM Class Action Lawsuit: Symbotic Inc. Investors Notified of Losses December 28, 2024 0 Class Action Lawsuits Zeta Global Holdings Investors Alerted of Zeta Class Action Lawsuit: Take Action for Losses December 28, 2024 0 Class Action Lawsuits Applied Therapeutics, Inc. Investors: Class Action Lawsuit for Losses December 28, 2024 0 Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment.
