Transparency Victory in US Court

Transparency Victory in US Court

April 26, 2013
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The U.S. Court of Appeals dismissed the lawsuit against the Securities and Exchange Commission that seeked to block implementation of a transparency law.   

The U.S. Court of Appeals for the District of Columbia has dismissed a lawsuit against the Securities and Exchange Commission that seeks to block implementation of a much-needed transparency law.  Under the law, oil companies operating in resource-rich countries are required to disclose payments in excess of $100,000 to that country’s government.

EG Justice is proud to have supported the robust transparency rules, and will report on future developments in the case.

Oxfam America, an intervenor in the case, has issued a press release on the ruling that can be found here:  http://www.oxfamamerica.org/press/pressreleases/us-appeals-court-dismisses-oil-industry-lawsuit-against-sec

The Publish What You Pay Coalition, of which EG Justice is a member, has also posted a press release, found here:  http://www.pwypusa.org/APIcasedismissed

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