Conflict Minerals: Court Orders NAM to File Response to En Banc Rehearing Petition
The SEC, the perceived loser in the conflicts minerals case at the time, filed a petition for an en banc rehearing on May 29, 2014. NAM, the perceived winner at the time, stayed silent. After these many months, with public companies looking for clarity on their future obligations, the DC Court of Appeals has ordered NAM to file a response to the petition for an en banc rehearing.
According to the Court of Appeals, the SEC shouldn’t bother with a reply to NAM’s response absent a court order.
So it looks like it’s going nowhere fast.
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