United States:
Supreme Court Sets Oral Argument In AMG Capital Management
26 November 2020
Kelley Drye & Warren LLP
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This morning, the Supreme Court released its calendar for its January 2021
oral arguments. AMG Capital Management, LLC v. FTC is on
the docket. Oral argument in AMG has been scheduled for
January 13, 2020.
As we've noted in prior posts, the High Court in AMG will
review the question of whether or not Section 13(b) of the FTC Act
authorizes the FTC to seek monetary relief from the individuals and
entities it pursues under that statutory provision. Signs to date
point to a strong likelihood that the Court will disallow such
monetary remedies, finding that such remedies run contrary to the
statutory text. Based on questioning at January's oral
argument, we may have a better sense of which way the Court is
leaning.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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