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When NASDAQ Attacks! The Problem with Mandated Diversity Quotas for Corporate Boards

November 30, 2021

The Securities and Exchange Commission is at it again! This time, the Nasdaq Stock Market serves as the instrument of oppression.

SEC is setting race and gender quotas for the composition of corporate boards and providing a list of Nasdaq-approved candidates to fill those quotas.

Sheng Li, NCLA Litigation Counsel, will moderate a panel with Jonathan Berry, a Partner at Boyden Gray and Associates, Scott Shepard, Director of the Free Enterprise Project at the National Center for Public Policy Research, and Peggy Little, NCLA Senior Litigation Counsel, to discuss legal challenges brought by NCLA and its allies against the Nasdaq diversity quotas.

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When NASDAQ Attacks! The Problem with Mandated Diversity Quotas for Corporate Boards

The Securities and Exchange Commission is at it again! This time, the Nasdaq Stock Market serves as the instrument of oppression.

SEC is setting race and gender quotas for the composition of corporate boards and providing a list of Nasdaq-approved candidates to fill those quotas.

Sheng Li, NCLA Litigation Counsel, will moderate a panel with Jonathan Berry, a Partner at Boyden Gray and Associates, Scott Shepard, Director of the Free Enterprise Project at the National Center for Public Policy Research, and Peggy Little, NCLA Senior Litigation Counsel, to discuss legal challenges brought by NCLA and its allies against the Nasdaq diversity quotas.

David v. Goliath: How One Man Beat the SEC with a Jury

September 29, 2021

His name is David Lopez and he won his case against one of the Goliaths of the Administrative State—the U.S. Securities and Exchange Commission. Just like in the biblical story of David and Goliath, David Lopez overcame incredible odds to topple a malicious giant.

When the SEC decides you’ve done something wrong, they use the full power of the Administrative State to destroy you. They attack your business and scare your customers, leaving you under an investigative cloud and subjecting you to onerous discovery demands, often for three or four years before they ever file any charges. Many victims of this harassment simply do not have the ability to fight back against an agency with seemingly unlimited resources.

The SEC knows this.

Indeed, they count on it and use just the threat of enforcement as a way to subtly change the law. And that’s what they expected when they came after David Lopez and the other defendants in SEC v. Spartan Securities Group with a radical reading of the law.

Not this time! Armed with a jury and NCLA attorneys, David was able to beat this Goliath!

View Description

David v. Goliath: How One Man Beat the SEC with a Jury

His name is David Lopez and he won his case against one of the Goliaths of the Administrative State—the U.S. Securities and Exchange Commission. Just like in the biblical story of David and Goliath, David Lopez overcame incredible odds to topple a malicious giant.

When the SEC decides you’ve done something wrong, they use the full power of the Administrative State to destroy you. They attack your business and scare your customers, leaving you under an investigative cloud and subjecting you to onerous discovery demands, often for three or four years before they ever file any charges. Many victims of this harassment simply do not have the ability to fight back against an agency with seemingly unlimited resources.

The SEC knows this.

Indeed, they count on it and use just the threat of enforcement as a way to subtly change the law. And that’s what they expected when they came after David Lopez and the other defendants in SEC v. Spartan Securities Group with a radical reading of the law.

Not this time! Armed with a jury and NCLA attorneys, David was able to beat this Goliath!

SCOTUS Stans the Structural Constitution: Arthrex, Carr, Collins, and the Separation of Powers

August 25, 2021

NCLA Senior Litigation Counsel Rich Samp moderates a discussion with Jared McClain, NCLA Litigation Counsel, and Russ Ryan, a Partner in King & Spalding’s Special Matters and Government Investigations practice, regarding the Separation of Powers in the context of recent Supreme Court decisions in U.S. v. Arthrex, Carr v. Saul, and Collins v. Yellen.

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SCOTUS Stans the Structural Constitution: Arthrex, Carr, Collins, and the Separation of Powers

NCLA Senior Litigation Counsel Rich Samp moderates a discussion with Jared McClain, NCLA Litigation Counsel, and Russ Ryan, a Partner in King & Spalding’s Special Matters and Government Investigations practice, regarding the Separation of Powers in the context of recent Supreme Court decisions in U.S. v. Arthrex, Carr v. Saul, and Collins v. Yellen.

SCOTUS: Saving Civil Liberties or Barely Bothering?

July 28, 2021

Mark Chenoweth, NCLA Executive Director and General Counsel, moderates a discussion with Richard Samp, NCLA Senior Litigation Counsel, and Nick Reaves, Becket Fund’s Litigation Counsel, who was part of the legal team that secured a unanimous victory in Fulton v. City of Philadelphia.

They address the term that just concluded at the U.S. Supreme Court in which NCLA had a perfect record of amicus wins against administrative abuse of power. The Justices seemingly took steps to preserve our most basic freedoms from abusive predation by the too-powerful Administrative State, but did the Court do enough?

In Fulton v. City of Philadelphia, the Court defended the free exercise clause of the First Amendment from an agency targeting Catholic Social Services, but it stopped short of overturning Employment Division v. Smith.

In Americans for Prosperity v. Bonta, the Supreme Court again defended the First Amendment, and this time it was the freedom of association under attack by the government. But rather than call out any such dragnet information-collection regimes, the Court seemed to suggest other schemes might pass constitutional muster.

In AMG Capital Management, LLC v. Federal Trade Commission, the Court unanimously ruled that when a statute says an agency may seek a “permanent injunction” that does not give the agency free rein to collect monetary damages, restitution, or disgorgement of funds. A victory to be sure, but FTC already seems to be dodging the impact of the ruling.

View Description

SCOTUS: Saving Civil Liberties or Barely Bothering?

Mark Chenoweth, NCLA Executive Director and General Counsel, moderates a discussion with Richard Samp, NCLA Senior Litigation Counsel, and Nick Reaves, Becket Fund’s Litigation Counsel, who was part of the legal team that secured a unanimous victory in Fulton v. City of Philadelphia.

They address the term that just concluded at the U.S. Supreme Court in which NCLA had a perfect record of amicus wins against administrative abuse of power. The Justices seemingly took steps to preserve our most basic freedoms from abusive predation by the too-powerful Administrative State, but did the Court do enough?

In Fulton v. City of Philadelphia, the Court defended the free exercise clause of the First Amendment from an agency targeting Catholic Social Services, but it stopped short of overturning Employment Division v. Smith.

In Americans for Prosperity v. Bonta, the Supreme Court again defended the First Amendment, and this time it was the freedom of association under attack by the government. But rather than call out any such dragnet information-collection regimes, the Court seemed to suggest other schemes might pass constitutional muster.

In AMG Capital Management, LLC v. Federal Trade Commission, the Court unanimously ruled that when a statute says an agency may seek a “permanent injunction” that does not give the agency free rein to collect monetary damages, restitution, or disgorgement of funds. A victory to be sure, but FTC already seems to be dodging the impact of the ruling.

Papers, Please! Why "Voluntary" Vaccine Passport Programs Are Coercive

June 30, 2021

May the government lawfully compel citizens to take a new, experimental vaccine? And does New York’s vaccine passport program, which purports to be voluntary, constitute government compulsion?

We touch on the legality of vaccine passports, public health, privacy, and the economic implications of such programs, as well as the variety of legitimate reasons a citizen might have for rejecting this attempt at government-sponsored coercion in our latest Lunch and Law speaker series.

Jenin is joined by Dr. Jay Bhattacharya, epidemiologist and professor of medicine at Stanford University, and director of Stanford’s Center for Demography and Economics of Health and Aging; Phil Magness, Director of Research & Education at the American Institute for Economic Research; Naomi Wolf, journalist and author of the book “The Beauty Myth”; and Adam Creighton, former economics editor and current Washington correspondent for The Australian.

View Description

Papers, Please! Why "Voluntary" Vaccine Passport Programs Are Coercive

May the government lawfully compel citizens to take a new, experimental vaccine? And does New York’s vaccine passport program, which purports to be voluntary, constitute government compulsion?

We touch on the legality of vaccine passports, public health, privacy, and the economic implications of such programs, as well as the variety of legitimate reasons a citizen might have for rejecting this attempt at government-sponsored coercion in our latest Lunch and Law speaker series.

Jenin is joined by Dr. Jay Bhattacharya, epidemiologist and professor of medicine at Stanford University, and director of Stanford’s Center for Demography and Economics of Health and Aging; Phil Magness, Director of Research & Education at the American Institute for Economic Research; Naomi Wolf, journalist and author of the book “The Beauty Myth”; and Adam Creighton, former economics editor and current Washington correspondent for The Australian.

Governors Gone Wild: What Are They Up To Now?

May 26, 2021

NCLA Executive Director Mark Chenoweth led a raucous roundtable discussion with NCLA litigators regarding the continued violation of our constitutional rights by governors in response to the COVID-19 pandemic. We also announced the state winner of our King George III Prize calling out the worst abuser of civil liberties in 2020!

We first addressed the issue last June, now we’re checking back in with NCLA litigators Harriet Hageman, Michael DeGrandis, Jared McClain, Caleb Kruckenberg, and Jenin Younes, who are hard at work taking legal action against governors and governments who have overstepped statutory authority, especially during the pandemic.

Despite the increasingly good news about the rate of infection and the unprecedented speed of vaccine deployment, many federal, state and local governments stubbornly refuse to let go of their stranglehold on our most precious civil liberties. NCLA continues to work overtime to restore the constitutional guardrails on the Administrative State’s pandemic response, and we‘ve had some victories in our fight to save civil liberties from power-mad governors we’d like to share. But there’s still lots of work yet to be done.

View Description

Governors Gone Wild: What Are They Up To Now?

NCLA Executive Director Mark Chenoweth led a raucous roundtable discussion with NCLA litigators regarding the continued violation of our constitutional rights by governors in response to the COVID-19 pandemic. We also announced the state winner of our King George III Prize calling out the worst abuser of civil liberties in 2020!

We first addressed the issue last June, now we’re checking back in with NCLA litigators Harriet Hageman, Michael DeGrandis, Jared McClain, Caleb Kruckenberg, and Jenin Younes, who are hard at work taking legal action against governors and governments who have overstepped statutory authority, especially during the pandemic.

Despite the increasingly good news about the rate of infection and the unprecedented speed of vaccine deployment, many federal, state and local governments stubbornly refuse to let go of their stranglehold on our most precious civil liberties. NCLA continues to work overtime to restore the constitutional guardrails on the Administrative State’s pandemic response, and we‘ve had some victories in our fight to save civil liberties from power-mad governors we’d like to share. But there’s still lots of work yet to be done.