Investors Seek High Court Review Of Disgorgement Order Ruling In Light Of Liu

(May 11, 2023, 2:43 PM EDT) -- WASHINGTON, D.C. — The U.S. Supreme Court should review a Fifth Circuit U.S. Court of Appeals’ finding that defendants in a Securities and Exchange Commission enforcement action were not impermissibly denied their right to a live evidentiary hearing challenging the SEC’s calculation of disgorgement and civil penalty amounts because both the district and appellate courts’ rulings are not in compliance with the Supreme Court’s ruling in Liu v. SEC, the defendants argue in a petition for a writ of certiorari....