“You now have four Democrats and four Republicans on a case that closely divided the Supreme Court in 2011,” John Coffee, securities law expert and professor of law at Columbia Law School, told Yahoo Finance.
If the case ties, as Coffee suspects it will, then a lower court ruling that was largely in favor of the SEC will stand — bucking a current trend in the Supreme Court of cutting back on securities litigation.
‘Enforcement 40’ for 2020
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