2nd Circ. Questions House Resistance To SEC Subpoena
Law360, New York (June 13, 2016, 8:36 PM EDT) -- Judges on the Second Circuit seemed skeptical Monday about the U.S. House Ways and Means Committee’s efforts to escape a Securities and Exchange Commission subpoena probing insider-trading allegations involving health care legislation, questioning whether the committee can assert immunity in the case.
The committee, represented at the lengthy oral arguments by William Pittard, is fighting a subpoena issued by the SEC seeking communications between former health subcommittee staff director Brian Sutter and lobbyists, and has claimed that sovereign immunity applies to the committee in the case even though another federal agency is seeking the documents.
But Judge Jon O. Newman appeared...
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