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To leave the decision unreviewed would force Congress to revise substantially the affected portions of the securities laws solely based on the opinion of one divided lower court panel – hence, the Supreme Court’s buffet of constitutionallaw topics on Wednesday morning.
Moreover, they highlighted that the court has consistently upheld that district courts lack jurisdiction over such issues, arguing that the court should find Axon lacks valid cause of action on the grounds that the “commencement of a commission adjudication is not immediately reviewable” This case will be considered in conjunction with (..)
The Court’s Chevron decision established a bedrock principle of administrativelaw. The case is poised to clarify whether a failure to disclose under Item 303 of Regulation S-K constitutes securities fraud. The post SCOTUS Poised to Decide Fate of Chevron Doctrine appeared first on ConstitutionalLaw Reporter.
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