Here’s an update on the state of play in the legal challenge to the conflict minerals rule:

Although the Court of Appeals’ decision in American Petroleum Institute v SEC has certainly added time to the review of NAM v SEC, the parties agree that it is in everyone’s interest to have a prompt disposition of this case.   In their Joint Status Report, they said “Time is even more crucial now than when the Court of Appeals granted expedited review.  Six months have passed, and the parties may now have to proceed through two levels of review, this Court and the Court of Appeals.”

The expedited review is an important step in getting to a resolution of the legal challenge.  But, the parties (and all those companies impacted by the conflict minerals rule) will have to wait quite some time for this challenge to run its course.