Filed Date: March 19, 2026
Case Ongoing
Clearinghouse coding complete
The Interfaith Center on Corporate Responsibility and As You Sow filed suit against the SEC and three of its officials on March 19, 2026, challenging a new "No-Objection Policy" adopted in November 2025. The plaintiffs alleged that this policy fundamentally changed the decades-old process for reviewing shareholder proposals by allowing companies to obtain automatic "no-objection" letters from SEC staff simply by making an "unqualified representation" that they have a reasonable basis to exclude a proposal, replacing meaningful regulatory oversight with a "rubber-stamp process" and bypassing required notice-and-comment rulemaking procedures. The complaint brought three Administrative Procedure Act claims alleging the policy was contrary to law, arbitrary and capricious, and adopted without required procedures. The plaintiffs sought to have the policy declared unlawful and permanently enjoined, along with costs and attorney fees.
This case is ongoing.
Summary Authors
Claire Pollard (3/23/2026)
For PACER's information on parties and their attorneys, see: https://www.courtlistener.com/docket/72514916/parties/interfaith-center-on-corporate-responsibility-v-securities-and-exchange/
Nichols, Carl John (District of Columbia)
Brewer, Simon Christopher (District of Columbia)
See docket on RECAP: https://www.courtlistener.com/docket/72514916/interfaith-center-on-corporate-responsibility-v-securities-and-exchange/
Last updated June 9, 2026, 3:26 a.m.
State / Territory:
Case Type(s):
Public Benefits/Government Services
Special Collection(s):
Trump Administration 2.0: Challenges to the Government
Key Dates
Filing Date: March 19, 2026
Case Ongoing: Yes
Plaintiffs
Plaintiff Description:
A 55-year-old membership coalition with more than 300 institutional investor members holding or managing over $4 trillion in invested capital.
Plaintiff Type(s):
Non-profit NON-religious organization
Attorney Organizations:
Public Interest Lawyer: Yes
Filed Pro Se: No
Class Action Sought: No
Class Action Outcome: Not sought
Defendants
Federal
Securities and Exchange Commission
Case Details
Causes of Action:
Administrative Procedure Act, 5 U.S.C. §§ 551 et seq.
Other Dockets:
District of District of Columbia 1:26-cv-00957
Available Documents:
Outcome
Prevailing Party: None Yet / None
Relief Sought:
Relief Granted:
Source of Relief:
Case Summary of Interfaith Center on Corporate Responsibility v. Securities and Exchange Commission, Civil Rights Litig. Clearinghouse, https://clearinghouse.net/case/47953/ (last updated 3/23/2026).