Securities,
Civil Litigation,
Corporate,
Constitutional Law
Feb. 23, 2017
DC Circuit will rehear challenge to SEC's in-house judges
Oral arguments are scheduled for May 24 in a D.C. Circuit case that will decide once and for all whether SEC ALJs are inferior U.S. officers or merely federal employees.
Ronald E. Wood
1st VP/ Senior Attorney
Brown White & Osborn LLP
333 S Hope St
Los Angeles , CA 90071
Email: rwood@brownwhitelaw.com
Last week, the U.S. Court of Appeals for the D.C. Circuit agreed to grant an en banc rehearing to Raymond Lucia who lost a Securities and Exchange Commission administrative enforcement action then turned around and challenged the status of the administrative law judge who heard the case. Lucia v. SEC, 15-1345 (Aug 9. 2016), reh'g granted Feb. 16, 2017.
When the SEC affirmed the ALJ's initial decision, Luci...
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