Supreme Court Overrules Chevron Sends the SEC to Court and Calibrates the APA Clock

In a term that ran down to the wire, the Supreme Court announced two decisions last week and another decision this week that rebuke regulators and will be felt throughout the financial services industry. In a joint opinion in Loper Bright Enterprises v. Raimondo and Relentless v. Department of Commerce, the Court eliminated Chevron deference, bringing an end to courts’ “mechanical application” of “binding deference to agency interpretation” of ambiguous law… Read More