SEC Disgorgement Could Survive A High Court Defeat
Law360 (November 5, 2019, 6:48 PM EST) -- The U.S. Supreme Court recently agreed to review the U.S. Securities and Exchange Commission's authority to seek disgorgement in federal court, but there's a chance that any negative outcome for the securities regulator will be temporary.
The question before the justices is whether Congress authorized the SEC to collect disgorgement, so the issue could ultimately fall to lawmakers to decide. Members of the Senate have already introduced a bipartisan bill addressing a different high court ruling involving SEC disgorgement, suggesting there could be broad interest within Congress to settle the controversy, said Kyle DeYoung, a former SEC attorney who's now a...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!