“SEC Publishes Statement on Conflict Minerals Reporting – Important New Guidance on Timing, Product Labeling and Audit Requirements” – SchulteRoth&Zabel LLP – April 30, 2014

On April 14, 2014 the Court of Appeals of the Circuit of Washington, DC ruled that the Conflict Minerals Rule requirement that companies indicate that their products have “not been found to be DRC conflict free” violates the First Amendment of the United States Constitution.  On April 29, 2014 the US Securities and Exchange Commission (SEC) Division of Corporation Finance issued a public statement on the effect of the Court of Appeal’s decision on the Conflict Minerals Rule.

SchulteRoth&Zabel LLP published an alert in which it analyzes the recent events and describes how they impact conflict minerals reporting.  The firm operates a Conflict Minerals Resource Center.

You may read the alert on the SchulteRoth&Zabel internet site.