Federal Lawsuit Over SEC's Climate Rules Consolidated in the 8th Circuit

Following up on this blog about the SEC's new climate rules being temporarily stayed by the 5th U.S. Circuit Court of Appeals last Friday, a venue has now been selected via lottery by the Judicial Panel on Multidistrict Litigation - and the outstanding federal cases have been consolidated for the Eighth Circuit to decide the case. The timing of the disposition of this consolidated case is unknown.

Here are three things to know, pulled from this Bloomberg Law article:

1. This consolidates nine legal challenges (so far) made across six courts
2. Of the St. Louis-based court's 17 judges, only one was appointed by a Democratic president
3. Competing petitioners argue SEC went too far - or not far enough