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What will Nasdaq do in response to the 5th Circuit ruling by end of 2025?
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Resolution / Starting Odds
Proposes new rule • 25%
Appeals ruling • 25%
Takes no further action • 25%
Other response • 25%
Nasdaq official communications and regulatory filings
Story
5th Circuit Strikes Down Nasdaq Board Diversity Rule in 9-8 Vote
Dec 12, 2024, 01:34 AM
A federal appeals court has struck down Nasdaq's board diversity rule, which required companies listed on the exchange to have at least one woman, person of color, or LGBTQ member on their boards or explain why they do not. The decision, made by the 5th Circuit Court of Appeals in a 9-8 en banc vote, marks a significant setback for Nasdaq's yearslong push to promote diversity and inclusion in corporate governance. The rule, aimed at increasing representation of women and minorities on corporate boards, faced criticism and legal challenges, ultimately leading to its rejection. This also represents a broader DEI setback.
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Announce new rulemaking • 25%
Appeal the decision • 25%
No immediate action • 25%
Other action • 25%
Ruling in favor of Coinbase • 25%
Ruling in favor of SEC • 25%
Partial ruling for both parties • 25%
Case dismissed • 25%
Full compliance achieved • 25%
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Delisting from Nasdaq • 25%
Other outcome • 25%
American Civil Liberties Union (ACLU) • 25%
National Association for the Advancement of Colored People (NAACP) • 25%
Human Rights Campaign • 25%
Other • 25%
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No Legal Challenges • 25%
SEC wins • 25%
Cumberland wins • 25%
Settlement reached • 25%
Case dismissed • 25%
