Creating a Split, En Banc 5th Circuit OKs Court Challenge to SEC Proceeding

A Texas accountant named Michelle Cochran and her lawyers from the New Civil Liberties Alliance pulled off a remarkable feat on Monday: They persuaded the en banc 5th U.S. Circuit Court of Appeals to split with five other federal circuits and allow Cochran to bring a constitutional challenge in federal court to block an administrative proceeding brought by the Securities and Exchange Commission…

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