Parties’ ALJ Ruling Disputes In Line With FTC Act, Exchange Act, Justices Told

Mealey's (August 12, 2022, 6:13 AM EDT) -- WASHINGTON, D.C. — Two federal district courts did not err in dismissing lawsuits brought by parties challenging rulings by administrative law judges (ALJs) in which the parties alleged that the appointment of the ALJs was at odds with the U.S. Supreme Court’s holding in Lucia v. SEC, because both the Federal Trade Commission Act (FTC Act) and the Securities Exchange Act allow for judicial review of federal agency orders “during administrative adjudications,” the Federal Trade Commission and Securities Exchange Commission argue in an Aug. 8 merits brief filed jointly in appeals of both rulings in the Supreme Court....