No. 19-978

Team Resources Incorporated, et al. v. Securities and Exchange Commission

Lower Court: Fifth Circuit
Docketed: 2020-02-04
Status: GVR
Type: Paid
Relisted (3)
Tags: disgorgement equitable-remedy federal-court penalty penalty-analysis sec sec-enforcement securities-law securities-violations
Key Terms:
Securities JusticiabilityDoctri
Latest Conference: 2020-07-01 (distributed 3 times)
Question Presented (from Petition)

Whether the Securities and Exchange Commission may obtain disgorgement from a federal court as an equitable remedy for securities violations despite this Court's determination that disgorgement is a penalty.

Question Presented (AI Summary)

Whether the Securities and Exchange Commission may obtain disgorgement from a federal court as an equitable remedy for securities violations despite this Court's determination that disgorgement is a penalty

Docket Entries

2020-08-03
JUDGMENT ISSUED.
2020-07-02
Petition GRANTED. Judgment VACATED and case REMANDED for further consideration in light of <i>Liu</i> v. <i>SEC</i>, 591 U. S. ___ (2020).
2020-06-29
DISTRIBUTED for Conference of 7/1/2020.
2020-06-22
DISTRIBUTED for Conference of 6/25/2020.
2020-03-25
DISTRIBUTED for Conference of 4/17/2020.
2020-03-05
Brief of respondent Securities and Exchange Commission in opposition filed.
2020-02-03
Petition for a writ of certiorari filed. (Response due March 5, 2020)

Attorneys

Securities and Exchange Commission
Noel J. FranciscoSolicitor General, Respondent
Team Resources Incorporated, et al.
Phillip J. DeRosierDickinson Wright PLLC, Petitioner