In re Securities & Exchange Commission, The Enhancement & Standardization of Climate-Related Disclosures for Investors, Issued on March 6, 2024

Ten petitions for review were filed in six circuit courts of appeal after the U.S. Securities and Exchange Commission (SEC) adopted a final rule requiring disclosures of climate-related information. Challenges to the final rule were filed by energy companies, business and industry groups, states, environmental organizations, and an organization that owns shares in companies subject to the rule and that frequently advocates to oppose efforts to advance resolutions related to climate change. The SEC submitted a notice of multicircuit petitions for review to the Judicial Panel on Multidistrict Litigation, which randomly selected the Eighth Circuit as the venue in which to consolidate the nine petitions.