In the same week that a divided U.S. Court of Appeals for the Second Circuit panel handed the SEC a win by sending Lynn Tilton’s constitutional challenge back to an administrative proceeding, the agency reported that decision to the Fourth and Eleventh Circuits.
The Tilton opinion “addressed the same jurisdictional question presented here and affirmed the dismissal of a similar lawsuit,” the SEC said in nearly identical letters filed in three cases in the two circuits.
‘Enforcement 40’ for 2020
Join Us On LinkedIn
Join the Securities Litigation and Enforcement Group on LinkedIn