Liu v. Securities and Exchange Commission
140 S. Ct. 1936 · Decided June 22, 2020 · Supreme Court of the United States
Record summary. This page is generated from the Supreme Court Database’s coded data about the case. It describes who decided what, not the Court’s reasoning. Read the opinion itself before relying on it. Not legal advice.
At a glance
Liu v. Securities and Exchange Commission was decided on June 22, 2020 by a vote of 8–1. The Court vacated the lower court's decision and remanded the case. Justice Sonia Sotomayor wrote the opinion of the Court. SCDB classifies its main issue as “Securities regulation” in the Economic Activity area.
Read the opinion
- CourtListener (Free Law Project) — opinion text
- Supreme Court of the United States — slip opinions, October Term 2019
- Supreme Court of the United States — docket 18-1501
Case details
- Citations
- 140 S. Ct. 1936 · 207 L. Ed. 2d 401 · 2020 U.S. LEXIS 3374
- Docket number
- 18-1501
- Decided
- June 22, 2020
- Argued
- March 3, 2020
- Court era
- Roberts Court
- Decision type
- Opinion of the Court (orally argued)
- Disposition
- Vacated and remanded
- Outcome for petitioner
- The petitioning party received a favorable disposition
- Vote
- 8–1
- Majority opinion
- Sonia Sotomayor
- Opinion assigned by
- John G. Roberts Jr.
- How the case arrived
- Certiorari
- Issue (SCDB)
- Securities regulation
- Issue area
- Economic Activity
- Legal provision
- Securities Act of 1933, Securities Exchange Act of 1934, or Williams Act
- Type of law
- Federal statute
- Decision direction (SCDB)
- Conservative what this means
How the Justices voted
| Justice | Vote | Separate writing |
|---|---|---|
| Justice Clarence Thomas | Dissent | Wrote an opinion |
| Justice Ruth Bader Ginsburg | Majority | |
| Justice Stephen G. Breyer | Majority | |
| Chief Justice John G. Roberts Jr. | Majority | |
| Justice Samuel A. Alito Jr. | Majority | |
| Justice Sonia Sotomayor | Majority | Wrote an opinion |
| Justice Elena Kagan | Majority | |
| Justice Neil M. Gorsuch | Majority | |
| Justice Brett M. Kavanaugh | Majority |
Full case caption
Liu v. Securities and Exchange Commission
SCDB identifiers: case 2019-072, docket 2019-072-01.
Related decisions
Other cases on “Securities regulation”
- Goldman Sachs Group Inc. v. Arkansas Teacher Retirement System
- Lorenzo v. Securities and Exchange Commission
- Cyan v. Beaver County Employees Retirement Fund
- Digital Realty Trust v. Somers
- Slack Technologies v. Pirani
- Kokesh v. SEC
Cases on the same legal provision: Securities Act of 1933, Securities Exchange Act of 1934, or Williams Act
- Cal Public Employees' Retirement Sys. v. Anz Securities
- Salman v. United States
- Merrill Lynch v. Manning
- Credit Suisse Securities (USA) LLC v. Glen Billing
- Ed Plaut v. Spendthrift Farm, Inc.Law held unconstitutional
- Keith R. Gollust v. Ira L. Mendell, Etc.
Same Term, same area (Economic Activity)
- Rotkiske v. Klemm
- Retirement Plans Committee of IBM v. Jander
- Ritzen Group Inc. v. Jackson Masonry, LLC
- Hernandez v. Mesa
- Intel Corp. Investment Policy Committee v. Sulyma
- Citgo Asphalt Refining Co. v. Frescati Shipping Co., Ltd.
Source: Supreme Court Database, 2026 Release 01 (data file dated September 8, 2026). Imported into CaseTrail November 5, 2026. Coverage: decisions from the 1946 through 2025 Terms. Methodology · Report an error