No. 19-1310

Craig R. Jalbert, in His Capacity as Trustee of the F2 Liquidating Trust v. Securities and Exchange Commission

Lower Court: First Circuit
Docketed: 2020-05-21
Status: Denied
Type: Paid
Response Waived
Tags: administrative-law agency-authority civil-rights disgorgement due-process judicial-review legislative-power penalty-enforcement securities separation-of-powers statutory-interpretation statutory-penalties
Key Terms:
AdministrativeLaw Environmental Securities Patent Privacy JusticiabilityDoctri
Latest Conference: 2020-09-29
Question Presented (AI Summary)

Whether a federal government agency commits a structural separation-of-powers violation by exercising a legislative function when, in addition to explicitly authorized penalties, it obtains other penalties under the label of 'disgorgement' that were not authorized by Congress

Question Presented (from Petition)

QUESTIONS PRESENTED Whether a federal government agency commits a structural violation of exercising a legislative function when, in addition to explicitly authorized penalties, it obtains other penalties under the label of “disgorgement,” which were not authorized by Congress and the imposition of which conflicts with the congressional statutory punitive and remedial scheme. Whether a waiver of judicial review by a respondent in connection with a settlement agreement with a federal government agency is valid and enforceable against that respondent in an action by the respondent claiming that the agency committed a structural violation by extracting from the respondent a penalty labeled “disgorgement” that Congress did not authorize and which was imposed in addition to what the agency found to be the appropriate statutory penalty. Whether a federal government agency’s order imposing unauthorized penalties labeled “disgorgement” is void in relevant respects because the agency did not have the power to impose penalties without explicit congressional authorization.

Docket Entries

2020-10-05
Petition DENIED.
2020-06-24
DISTRIBUTED for Conference of 9/29/2020.
2020-06-19
Waiver of right of respondent U.S. Securities and Exchange Commission to respond filed.
2020-05-18
Petition for a writ of certiorari filed. (Response due June 22, 2020)

Attorneys

Craig R. Jalbert
Alex LipmanLipman Law PLLC, Petitioner
Alex LipmanLipman Law PLLC, Petitioner
U.S. Securities and Exchange Commission
Jeffrey B. WallActing Solicitor General, Respondent
Jeffrey B. WallActing Solicitor General, Respondent