High Court Rejection Won't End Debate Over SEC Admin Court
Law360, New York (March 28, 2016, 11:05 PM EDT) -- The U.S. Supreme Court’s refusal to consider a constitutional challenge to the U.S. Securities and Exchange Commission’s in-house court will not end the contentious debate over the tribunal's legitimacy, lawyers say, noting that merits of the issue remain unresolved, and a bevy of other suits are already working their way toward potential high court review.
On Monday, the high court let stand a Seventh Circuit ruling that the former CEO of an assisted living provider can’t bring a constitutional challenge to SEC’s in-house court while a proceeding against her is underway, denying her petition for writ of certiorari without issuing an opinion....
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