Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Sunday, June 17, 2007

Perspectives on the Past Week's News

The Department of Justice did not file an amicus brief on the side of investors in the "scheme liability" case that the Supreme Court will hear next term, reflecting the division of opinion between the SEC (in favor of plaintiffs) and the Treasury Dept. (in favor of defendants) that President Bush decided, saying the SEC's position was bad policy.  It remains to be seen whether the government will file on behalf of the defendants or sit this one out.  Still waiting for the Tellabs decision ....

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