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 (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

Question Presented (from Petition)

QUESTION PRESENTED 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
Noel J. FranciscoSolicitor General, Respondent
Team Resources Incorporated, et al.
Phillip J. DeRosierDickinson Wright PLLC, Petitioner
Phillip J. DeRosierDickinson Wright PLLC, Petitioner