Charles C. Liu, et al., Petitioners v. Securities and Exchange Commission

  1. January 01, 2024

    Appellate Outlook: Circuit Splits & Hot Topics To Track In 2024

    The 2024 appellate almanac is looking lively after eye-popping opinions and arguments in 2023's homestretch. As the new year begins, several circuit splits seem more serious, ideological imbalances are in the spotlight, and luminaries of the U.S. Supreme Court bar are locked in a burgeoning battle over alleged corporate complicity in terrorism.

  2. December 09, 2023

    Circuit-By-Circuit Guide To 2023's Most Memorable Moments

    A former BigLaw partner in his 30s made history by joining a preeminent circuit court, a former BigLaw partner in his 50s made waves by leaving the largest circuit, and a former chemist in her 90s made enemies by resisting a probe on the most specialized circuit. That's a small sample of the intrigue that flourished in 2023 throughout the federal appellate system, where diversity bloomed and controversy abounded.

  3. July 13, 2020

    Securities Litigation To Watch In 2020: Midyear Report

    Securities litigation during the first half of 2020 has been dominated by cases related to the ongoing COVID-19 pandemic and its many effects on the economy.

  4. June 23, 2020

    Justices' Liu Ruling Creates More Questions Than Answers

    Monday's highly anticipated U.S. Supreme Court opinion in Liu v. SEC answered one basic question about the top securities regulator's disgorgement powers — and punted a host of more complicated issues that one expert says will be "alive and kicking throughout the courts for a long time to come."

  5. June 22, 2020

    High Court Preserves SEC Disgorgement, With Limits

    The U.S. Supreme Court said Monday that the U.S. Securities and Exchange Commission could continue collecting disgorgement, holding that an award that does not exceed a wrongdoer's illicit profits and goes to victims can be considered "equitable relief."

  6. March 04, 2020

    Justices Likely Aiming To Fix SEC Disgorgement, Not Ditch It

    The U.S. Supreme Court's questions during oral arguments Tuesday signaled that it may try to rein in the U.S. Securities and Exchange Commission's ability to collect disgorgement, rather than scrapping it altogether, industry experts said.

  7. March 03, 2020

    Justices Prioritize Victim Payments In SEC Disgorgement Args

    The U.S. Supreme Court had plenty of questions on Tuesday for the U.S. Securities and Exchange Commission and defendants challenging the agency's ability to collect disgorgement, conveying a clear concern for whether disgorged funds are making their way back to victims.

  8. March 02, 2020

    SEC's Disgorgement Power Faces Possible High Court Muzzle

    The U.S. Securities and Exchange Commission is facing a potential muzzle on its enforcement powers Tuesday when the U.S. Supreme Court convenes for oral arguments in a case challenging its ability to recoup illegal profits.

  9. February 28, 2020

    Up Next At High Court: CFPB Independence, Abortion Rights

    Chief Justice John Roberts Jr. takes his familiar place in the spotlight this week as the Supreme Court hears challenges to the structure of the Consumer Financial Protection Bureau and a Louisiana abortion law — a pair of blockbuster cases in which the chief justice's votes could be determinative. Here's what to expect.

  10. January 27, 2020

    Regulators Clash With Wall Street As Liu V. SEC Looms

    Nineteen amicus briefs have been filed for the U.S. Supreme Court's review of the U.S. Securities and Exchange Commission's authority to seek disgorgement, demonstrating a sharp but unsurprising divide between regulators and Wall Street.