D.C. Circuit Sets Aside SEC ALJ Ruling, Remands Case To Agency For Review

(August 21, 2018, 1:05 PM EDT) -- WASHINGTON, D.C. — On the heels of the U.S. Supreme Court’s ruling that Securities and Exchange Commission administrative law judges (ALJs) are “officers of the United States” and are subject to the appointments clause of the U.S. Constitution, a District of Columbia Circuit U.S. Court of Appeals panel on Aug. 15 granted the defendants’ petition for review and ordered that its June 26, 2017, judgment be vacated (Raymond J. Lucia Companies Inc., et al. v. Securities and Exchange Commission, No. 15-1345, D.C. Cir., 2018 U.S. App. LEXIS 22729)....