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Articles Posted in SCOTUS

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SCOTUS Will Hear Appeal of Kaiser Gypsum Decision on “Insurance Neutrality”

“Insurance neutrality” is a common law bankruptcy standing doctrine that bars insurers from interjecting in chapter 11 plan proceedings. However, as James P. Bobotek and Andrew V. Alfano explain in “The ‘Insurance Neutrality’ Doctrine is Heading to SCOTUS,” in an appeal of the Fourth Circuit’s decision in Kaiser Gypsum, the Supreme…

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Disgorgement/Restitution Defense Continues to Lose Steam in Wake of Supreme Court Decision in Liu v. SEC

Late in June, the U.S. Supreme Court issued a decision in Liu v. SEC, a closely watched case in which the Court in an 8-1 opinion curtailed the authority of the Securities and Exchange Commission (SEC) to seek disgorgement of profits from private parties in judicial enforcement proceedings. The Court…