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TheCorporateCounsel

TheCorporateCounsel.net

A basis for research and practical guidance focusing on federal securities laws, compliance & corporate governance.

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DealLawyers.com

An educational service that provides practical guidance on legal issues involving public and private mergers & acquisitions, joint ventures, private equity – and much more.

CompensationStandards

CompensationStandards.com

The “one stop” resource for information about responsible executive compensation practices & disclosure.

Section16.net

Section16.net

Widely recognized as the premier online research platform providing practical guidance on issues involving Section 16 of the Securities Exchange Act of 1934 and all of its related rules.

PracticalESG

PracticalESG.com

Keeping you in-the-know on environmental, social and governance developments

We’ve been following litigation against California’s climate disclosure laws since early this year. In the last major update, the court dismissed two of the Plaintiff’s three major arguments, leaving only the issue of compelled speech to be decided at trial. Now, the federal trial court has denied the Plaintiff’s preliminary injunction, which would have paused the effective date of the laws pending the outcome of litigation. GreenbergTraurig writes of the decision:

“The plaintiffs sought a preliminary injunction to halt enforcement of SB 253 and SB 261, claiming that the required climate-related disclosures of emissions data violate the First Amendment by compelling speech. They also argued that the regulatory reporting requirements are impractical for businesses. The court denied the request, finding that the disclosure requirements serve a substantial government interest in promoting transparency and addressing climate risks, and that the laws are tailored to those interests.”

The litigation is ongoing, and the injunction’s denial does not mark the final disposition of the case. The Plaintiffs appealed the trial court decision to the 9th Circuit Court of Appeals, with a hearing scheduled for September 15. Additionally, the case is set to go to trial on October 20, 2026, where it will be fully decided on its merits. In the meantime, compliance deadlines in 2026 grow closer. If the 9th Circuit upholds the trial court’s decision, then there will be no relief for businesses subject to the California laws. Reporting will begin while the law’s future remains uncertain.

Our members can learn more about the California climate disclosure laws here.

If you’re not already a member, sign up now and take advantage of our no-risk “100-Day Promise” – during the first 100 days as an activated member, you may cancel for any reason and receive a full refund. But it will probably pay for itself before then.

Members also save hours of research and reading time each week by using our filtered and curated library of ESG/sustainability resources covering over 100 sustainability subject areas – updated daily with practical and credible information compiled without the use of AI.

Are you a client of one of our Partners – SourceIntelligence, TRC, Kumi, Ecolumix, Elm Consulting Group International or Impakt IQ? Contact them for exclusive pricing packages for PracticalESG.

Practical Guidance for Companies, Curated for Clarity.

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The Editor

Zachary Barlow is a licensed attorney. He earned his JD from the University of Mississippi and has a bachelor’s in Public Policy Leadership. He practiced law at a mid-size firm and handled a wide variety of cases. During this time he assisted in overseeing compliance of a public entity and litigated contract disputes, gaining experience both in and outside of the courtroom. Zachary currently assists the PracticalESG.com editorial team by providing research and creating content on a spectrum of ESG… View Profile