Legal Opinion
Liu v. SEC. & Exch. Comm'n
Supreme Court of the United States
Decided June 22, 2020No. 18-1501PublishedCited by 289 opinions
1Opinion of the CourtJustice Sotomayor
*1940In Kokesh v. SEC , 581 U. S. ----, 137 S.Ct. 1635, 198 L.Ed.2d 86 (2017), this Court held that a disgorgement order in a Securities and Exchange Commission (SEC) enforcement action imposes a "penalty" for the purposes of 28 U.S.C. § 2462, the applicable statute of limitations. In so deciding, the Court reserved an antecedent question: whether, and to what extent, the SEC may seek "disgorgement" in the first instance through its power to award "equitable relief " under 15 U.S.C. § 78u(d)(5), a power that historically excludes punitive sanctions. The Court holds today that a disgorgement award…
2Cases cited45 opinions
- Aetna Health Inc. v. DavilaSupreme Court of the United States · 2004
- Mertens v. Hewitt AssociatesSupreme Court of the United States · 1993
- Great-West Life & Annuity Insurance v. KnudsonSupreme Court of the United States · 2002
- Tull v. United StatesSupreme Court of the United States · 1987
- Porter v. Warner Holding Co.Supreme Court of the United States · 1946
40 more not listed; retrieve them via the Exa API.
3Cited by289 opinions
- Federal Trade Commission v. AbbVie IncCourt of Appeals for the Third Circuit · 2020
- SEC v. GenAudio Inc.Court of Appeals for the Tenth Circuit · 2022
- Jody Rose v. PSA Airlines, Inc.Court of Appeals for the Fourth Circuit · 2023
- SEC v. AhmedCourt of Appeals for the Second Circuit · 2023
- Eric Patterson v. United Healthcare Ins. Co.Court of Appeals for the Sixth Circuit · 2023
284 more not listed; retrieve them via the Exa API.