Forum
U.S. Supreme Court
Case Status
Pending
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
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.