SEC Seeks Lottery to Pick Sole Court for Climate Rule Suits (1)

The SEC has formally submitted paperwork for a lottery to pick a court to hear lawsuits over its climate disclosure rules after opponents brought cases in six circuits.

The Securities and Exchange Commission’s filing on Tuesday to a judicial panel in Washington followed nine challenges submitted in the US appeals courts for the Second, Fifth, Sixth, Eighth, Eleventh and District of Columbia circuits. The first suits came March 6, just hours after the SEC released rules requiring companies to report their greenhouse gas emissions and make other climate-related disclosures.

The Judicial Panel on Multidistrict Litigation will hold the lottery in ...