Supreme Court Issues Rulings on Sacklers, SEC, and EPA

The Supreme Court on Thursday released a set of highly-anticipated decisions related to a major opioid settlement and the regulatory authorities of the Environmental Protection Agency and the Securities and Exchange Commission . , the court ruled 5-4 to reject a settlement agreement that would have shielded the Sackler family from liability over their company’s role in the opioid epidemic — and given billions of dollars to victims and their families.

Chief Justice John Roberts wrote the majority opinion, and Justice Sonia Sotomayor wrote a dissenting opinion joined by the other two liberal justices., a 5-4 majority provisionally sided with states challenging an EPA plan to curtail air pollution traveling across state lines, placing the plan on hold for now. Justice Gorsuch wrote the majority opinion, and Justice Amy Coney Barrett wrote a dissenting opinion joined by three other justices.

The decision - a setback for President Joe Biden's administration - upheld a lower court's decision siding with George Jarkesy, a Texas-based hedge fund manager who contested the legality of the SEC's actions against him after the agency determined he had committed securities fraud.

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