Public Interest Groups Challenge Nasdaq Diversity Rule in Federal Court

…The National Center for Public Policy Research (NCPPR) filed a petition this week with the U.S. Court of Appeals for the Third Circuit, challenging the adoption of the Nasdaq diversity rule. The New Civil Liberties Alliance (NCLA) is representing NCPPR and is arguing that the rule falls outside of the agency’s statutory authority and violates the due process and equal protection rights of Americans.

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