Supreme Court Declines To Hear 2nd Appeal Of Disgorgement Award Ruling

Mealey's (May 22, 2023, 9:57 AM EDT) -- WASHINGTON, D.C. — The U.S. Supreme Court on May 22 let stand a Ninth Circuit U.S. Court of Appeals ruling that affirmed a federal district court’s calculation of a disgorgement award and imposed joint and several liability in a Securities and Exchange Commission enforcement action, and the high court also declined to address the jurisdictional character of the appellate mandate rule....