Business Orgs Seek Stock Buyback Rule Vacatur After SEC Misses Deadline To Fix

( December 8, 2023, 1:43 PM EST) -- NEW ORLEANS — After the Securities and Exchange Commission told the Fifth Circuit U.S. Court of Appeals in a letter that it was unable to cure errors in a new stock buyback rule by the Nov. 30 deadline that the court set after finding that the commission had not sufficiently justified the rule, a group of business organizations on Dec. 7 filed a motion requesting vacatur of the rule....