Forum
U.S. Supreme Court
Case Status
Docket Number
Term
2025 Term
Lower Court Opinion
Questions Presented
Whether the SEC may seek equitable disgorgement under 15 U.S.C. 78u(d)(5) and (d)(7) without showing investors suffered pecuniary harm.
Case Updates
Supreme Court holds that a showing of pecuniary loss to investors is not required for the SEC to obtain a disgorgement award
June 04, 2026
U.S. Chamber files amicus brief urging the Supreme Court to hold that disgorgement is available to the SEC only when investors have suffered a concrete pecuniary harm.
March 03, 2026
Adam G. Unikowsky and Daniel Schwei of Jenner & Block LLP served as outside counsel.