Huh? ironridge and others have challenged the constitutionality of the ALJ. Some Federal Judges like Judge May ruled in Ironridge's favor. SEC has appealed all these and now the 4th appeals court (2nd, 7th, DC and now 11th Circuit) ruled in the SECs favor. All this means is now all these cases will be heard by the ALJ which IR has tried to avoid because they say they are biased and have different set of rules (like discovery).
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.