GAO Slams Protestor For Protective Order Violation
Client Alert | less than 1 min read | 02.05.08
For the first time ever, the GAO in PWC Logistics Servs. Co. (Jan. 11, 2008, http://www.gao.gov/decisions/bidpro/310559.pdf) has dismissed a protest without reaching the merits because of violations of a protective order by the protestor. The GAO gave notice several years ago that dismissal was an option for an "abuse of the GAO process," and it found this case to warrant dismissal because, after an inadvertent disclosure by outside counsel of pleadings with significant amounts of proprietary information of the awardee, at least some of the information was circulated within the higher echelons of the company instead of being returned immediately.
Insights
Client Alert | 6 min read | 06.09.26
Is Stock-a-palooza Over? Supreme Court allows SEC to Pursue Disgorgement
On June 4, 2026, the U.S. Supreme Court unanimously held that the U.S. Securities and Exchange Commission (SEC) can continue to pursue disgorgement as an equitable remedy in securities fraud cases without showing pecuniary loss by investors. The Court’s ruling in Sripetch v. SEC resolves a split between the U.S. Court of Appeals for the Second Circuit, which concluded that the SEC must demonstrate pecuniary loss, and the U.S. Courts of Appeals for the First and Ninth Circuits, which declined to require such a showing.
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