• Federal District Court Strikes Down SEC Rule 13q-1
  • July 9, 2013 | Authors: Charles A. Gilman; Jonathan I. Mark; John J. Schuster
  • Law Firm: Cahill Gordon & Reindel LLP - New York Office
  • On July 2, 2013, the U.S. District Court for the District of Columbia vacated a rule promulgated by the Securities and Exchange Commission (“SEC”) that would have required resource extraction issuers to publicly disclose payments made to foreign governments for the purpose of oil, natural gas, or mineral development.