Legal Opinion

United States Securities and Exchange Commission v. J.P. Morgan Securities LLC

District Court, District of Columbia

Decided January 4, 2017No. Civil Action No. 2012-1862Published

1Opinion of the Court

UNITED STATES DISTRICT COURT FOR THE DISTRICT OF COLUMBIA SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. Civil Action No. 12-1862 (JEB) J.P. MORGAN SECURITIES LLC, et al., Defendants. MEMORANDUM OPINION The Securities and Exchange Commission has, to its detriment in this case, taken too literally the immortal admonition of the famed 1990s pop-music trio TLC: “Don’t go chasing waterfalls.” The fountainhead of the current dispute is located in a settlement between Plaintiff SEC and Defendants J.P. Morgan Securities LLC and various related entities. The Commission thereby obtained nearly $75…

2Cases cited9 opinions

  1. United States v. Swift & Co.Supreme Court of the United States · 1932
  2. System Federation No. 91 v. WrightSupreme Court of the United States · 1961
  3. In Re National Football League Players Concussion Injury LitigationCourt of Appeals for the Third Circuit · 2016
  4. Official Committee of Unsecured Creditors of WorldCom, Inc. v. Securities & Exchange CommissionCourt of Appeals for the Second Circuit · 2006
  5. Securities & Exchange Commission v. CoatesDistrict Court, S.D. New York · 2001

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