Supreme Court of the United States · Official docket →
Courtney Kelln v. Securities and Exchange Commission, et al.
Paid petition · United States Court of Appeals for the First Circuit, No. 24-1773 · judgment February 19, 2026
(petition-stage, structural)
Well below the 4.1% base rate: the model weights this down for a petition under 3,000 words.
Question presented
Whether a district court, having found that the evidence does not demonstrate receipt of funds by individual defendants, can nonetheless impose joint-andseveral disgorgement based solely on “concerted wrongdoing,” notwithstanding the strong presumption against joint-and-several liability and the absence of any of the relevant factors this Court identified in Liu v. SEC, 591 U.S. 71 (2020).
Counsel of record
For petitioner
Frank Michael Scaduto
Wiley Rein LLP
For respondent
D. John Sauer
Solicitor General
Case
Subject area
Economic Activity (estimated from the questions presented, in the Supreme Court Database’s categories)
Conference history
—
Linked docket
25A1241
Proceedings
- Oct 15 2026Waiver of right of respondent Federal Respondents to respond filed.
- Aug 31 2026Petition for a writ of certiorari filed. (Response due October 23, 2026)
- May 13 2026Application (25A1241) granted by Justice Jackson extending the time to file until August 31, 2026.
- May 08 2026Application (25A1241) to extend the time to file a petition for a writ of certiorari from July 30, 2026 to August 31, 2026, submitted to Justice Jackson.