High Court Declines Review Of 9th Circuit Ruling In SEC Action

Mealey's (May 13, 2019, 11:29 AM EDT) -- WASHINGTON, D.C. — The U.S. Supreme Court on May 13 declined review of a Ninth Circuit U.S. Court of Appeals’ holding that defendants in a Public Company Accounting Oversight Board (PCAOB) action forfeited their constitutional arguments against the appointment of the hearing officer by not specifically naming the appointments clause of the U.S. Constitution in their arguments (Kabani & Co. Inc., et al. v. U.S. Securities and Exchange Commission, No. 18-1117, U.S. Sup.)....