Securities and Exchange Commission (SEC), Reversal, Corporate Counsel

SEC Must Return $93 Million Penalty, First Circuit Says

Venable LLP on 5/1/2025

The First Circuit, in a closely watched securities case, reversed a $93 million summary judgment ruling for the Securities and Exchange Commission this April. ...more

California Court of Appeal Holds that a Corporation’s Direct Cause of Action for Breach of Fiduciary Duty is Legal Rather than...

Sheppard Mullin Richter & Hampton LLP on 9/16/2022

In ZF Micro Solutions, Inc. v. TAT Capital Partners, Ltd., 2022 WL 4090879 (Cal. App. Aug. 8, 2022), the Fourth Appellate District of the California Court of Appeal decided, as a matter of first impression, that a...more

The Supreme Court Rules that SEC ALJs Were Unconstitutionally Appointed

Miller Canfield on 6/26/2018

The U.S. Supreme Court has held that administrative law judges (ALJs) of the Securities and Exchange Commission are "Officers of the United States" under the Appointments Clause of the U.S. Constitution, and are not mere...more

United States Supreme Court Reverses And Remands SEC Administrative Proceeding - Finding That SEC Administrative Law Judges Are...

A&O Shearman on 6/26/2018

On June 21, 2018, the Supreme Court held that Securities and Exchange Commission (“SEC”) administrative law judges (“ALJs”) are “inferior officers” of the United States, subject to the Appointments Clause of the Constitution....more

Securities and Exchange Commission (SEC) › Reversal › Corporate Counsel

SEC Must Return $93 Million Penalty, First Circuit Says

California Court of Appeal Holds that a Corporation’s Direct Cause of Action for Breach of Fiduciary Duty is Legal Rather than...

The Supreme Court Rules that SEC ALJs Were Unconstitutionally Appointed

United States Supreme Court Reverses And Remands SEC Administrative Proceeding - Finding That SEC Administrative Law Judges Are...

Supreme Court Rules SEC ALJs Are Officers Subject to the Appointments Clause

Supreme Court Finds Appointment of SEC ALJs Unconstitutional – What’s Next?

Supreme Court Holds SEC ALJs Must Be Appointed by Agency Heads

Ninth Circuit Holds That SOX Disgorgement of Incentive Compensation Does Not Depend on Executives’ Own Misconduct

A Review of Recent Whistleblower Developments

Securities and Exchange Commission (SEC) › Reversal › Corporate Counsel

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