Forum
U.S. Supreme Court
Case Status
Decided
Docket Number
Term
2019 Term
Lower Court Opinion
Questions Presented
Whether the Securities and Exchange Commission may seek and obtain disgorgement from a court as “equitable relief” for a securities law violation even though this Court has determined that such disgorgement is a penalty.
Case Updates
U.S. Supreme Court upholds but limits SEC’s authority to seek disgorgement in civil proceedings
June 22, 2020
Click here to view the opinion.
U.S. Chamber files merits-stage amicus brief arguing that the SEC lacks statutory authority to seek disgorgement in judicial proceedings
December 26, 2019
Click here to view the Chamber’s amicus brief. Adam G. Unikowsky and Zachary C. Schauf of Jenner & Block LLP served as co-counsel for the U.S. Chamber of Commerce on behalf of the U.S. Chamber Litigation Center.