TheCorporateCounsel.net

Back in April, I blogged about how Judge Terry Green of Los Angeles County Superior Court found that Assembly Bill 979, which required publicly traded companies based in California to have board members from underrepresented communities, violated the state’s constitution. According to this Law360 article, yesterday Judge Green declined to issue a stay of the Court’s order while the matter is pending on appeal.

California had asked Judge Green to pause the injunction pending appeal, or to at least make the injunction only partially mandatory to allow California to continue the process of gathering data and compiling reports about the diversity of corporate boards and compliance.

– Dave Lynn