"For long-term effect, however, the real stunner for lawyers is a case called Relentless v. Department of Commerce (also Loper Bright Enterprises v. Raimondo). It appears to be a minor spat about fishing regulation, but it is a gargantuan case, to quote Justice Gorsuch. Last Friday, the Supreme Court struck down Chevron v. Natural Resources Defense Council, making it more difficult to regulate, both for agencies and for Congress, upending 40 years of case law covering every law and every regulation in America, reversing a case that had thousands of citations. Despite the majority’s efforts to calm the waters by saying some precedents remain, the case is a tremendous gift to corporate lawyers who will tweak those cases and find new ones to undo a vast array of existing decisions protecting American food, drugs, health, not to mention nuclear power, hurricane warnings, identity theft, and anything else subject to commonsense regulation. Even Justice Scalia was happy for a long time with the old rule struck down in Relentless, but this is not Justice Scalia’s court anymore." #scotus #corporatelaw #lawandorder #rulesandregulations #injustice READ: https://lnkd.in/gmuk4sux
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Private financial markets have seen substantial growth, now overshadowing public markets in size and activity. This essay explores how securities laws offer reduced protection in these less-regulated domains, endangering non-wealthy investors indirectly exposed through institutional funds. The author argues that a shift in regulatory framework is urgent to address systemic risks and ensure the economic security of ordinary Americans as private markets expand. READ: https://lnkd.in/gtiGeVpK #privatefinance #privatefinancialmarkets #assetmanagers #limitedpartnerships #venturecapital #privateequity #privatecreditfunds
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