US appeals court won't rule on challenge to payment disclosure
WASHINGTON, April 26
WASHINGTON, April 26 (Reuters) - A U.S. appeals court on Friday declined to rule on a legal challenge filed by business groups against a Securities and Exchange Commission rule that would force energy companies to disclose any payments to foreign governments.
The legal challenge by the American Petroleum Institute, Chamber of Commerce and two other groups should instead be heard in a lower court, the three-judge panel of the U.S. Court of Appeals for the District of Columbia Circuit said.
The decision marks a victory for a human rights organization that had challenged the appeals court's jurisdiction to hear the case.
- Housing, jobs data weaken, but overall economic picture still upbeat
- Target cyber breach hits 40 million payment cards at holiday peak |
- 'Duck Dynasty' anti-gay fallout sparks debate on religion, tolerance
- UPDATE 3-Saab wins Brazil jet deal after NSA spying sours Boeing bid
- Zuckerberg to sell Facebook shares worth about $2.3 billion |