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News
January 5, 2017

In the News Today – January 5, 2017

10th Circuit Strikes Down SEC Administrative Law Judges, Next Step Likely Supreme Court: The 10th Circuit Court of Appeals ruled that the Constitution’s Appointments clause applies to the SEC’s in-house judges because they exercise “significant discretion” in presiding over enforcement hearings. As a result, according to law expert Jonathan Adler, “unless the SEC adjusts the manner in which it appoints ALJs, this case is likely on its way to the Supreme Court.” (Reuters)

Raisinet Boxes “Recklessly” Underfilled According to Recent Lawsuit: A lawsuit filed this week in California accuses Nestle of allegedly underfilling boxes of its Raisinets candy. The plaintiff claims that “she and other candy consumers had relied on Nestle’s ‘deceptive packaging’ in deciding to buy the Raisinets” and wouldn’t have bought the candy or would have paid less had they known the boxes weren’t full. The suit is currently seeking class-action status. (The Wall Street Journal

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