RAYMOND LUCIA COMPANIES INC v. SECURITIES AND EXCHANGE COMMISSION (2018)

United States Court of Appeals, District of Columbia Circuit.

RAYMOND J. LUCIA COMPANIES, INC. and Raymond J. Lucia, Petitioners v. SECURITIES AND EXCHANGE COMMISSION, Respondent

No. 15-1345

Decided: August 15, 2018

Before: Garland*, Chief Judge; Henderson, Rogers, Tatel, Griffith, Kavanaugh*, Srinivasan, Millett, Pillard, Wilkins, and Katsas *, Circuit Judges

Kellam McChesney Conover, Attorney, Mark Andrew Perry, Counsel, Gibson, Dunn & Crutcher LLP, Washington, DC, Jonathan C. Dickey, Esquire, Attorney, Gibson, Dunn & Crutcher LLP, New York, NY, Marc Fagel, Gibson, Dunn & Crutcher LLP, San Francisco, CA, for Petitioners Daniel J. Aguilar, Attorney, Megan Barbero, Esquire, Attorney, Mark Reiling Freeman, Attorney, Benjamin Charles Mizer, Solicitor, Melissa Nicole Patterson, Attorney, Mark B. Stern, Attorney, Tyce R. Walters, U.S. Department of Justice, (DOJ) Civil Division, Appellate Staff, Washington, DC, Michael Andrew Conley, Solicitor, Dominick V. Freda, Assistant General Counsel, Martin Vincent Totaro, Senior Counsel, Securities and Exchange Commission (SEC), Washington, DC, for Respondent Thaya Brook Knight, Ilya Shapiro, Esquire, The Cato Institute, Washington, DC, for Amicus Curiae Cato Institute Ashley Baynham, Alex Lipman, Justin S. Weddle, Attorney, Brown Rudnick LLP, New York, NY, Stephen A. Best, Attorney, Brown Rudnick LLP, Washington, DC, Amicus Curiae for Petitioner Mark Cuban Steven Paul Lehotsky, Esquire, Deputy Chief Counsel, U.S. Chamber Litigation Center, Washington, DC, Andrew John Pincus, Partner, Mayer Brown LLP, Washington, DC, for Amicus Curiae Chamber of Commerce of the United States of America Paul D. Clement, Jeffrey Matthew Harris, Christopher George Michel, Kirkland & Ellis LLP, Washington, DC, Amici Curiae for Petitioners Ironbridge Global IV, Ltd., Ironbridge Global Partners, LLC David Broiles, Attorney, Law Office of Rowland Broiles, Fort Worth, TX, Amici Curiae for Petitioners The Tennessee Walking Horse National Celebration, Show Inc. Michael Roth, Esquire, Attorney, Boies Schiller Flexner LLP, Los Angeles, CA, Amici Curiae for Petitioners RD Legal Capitol, LLC, Roni Dersovitz