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CALIFORNIA CORPORATE & SECURITIES LAW

Ninth Circuit Accords Chevron Deference To The SEC, What Would Judge Gorsuch Say?

Last week, I noted that Judge Gorsuch has expressed a certain skepticism of Chevron deference.¬† The next day, the Ninth Circuit Court of Appeals held that the Securities and Exchange Commission’s interpretation of Section 19(d)(2) of the Securities Exchange Act is entitled to Chevron deference.¬†Sharemaster v. United States SEC, 2017 U.S. App. LEXIS 1827 (9th…

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