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The Supreme Court's recent ruling in Loper Bright Enterprises v. Raimondo has overruled the longstanding Chevron doctrine in a 6-3 decision. This shift means courts now have to independently interpret statutory ambiguities without defaulting to federal agency interpretations. According to Norton Rose Fulbright, this is a significant shift for plaintiffs in regulated industries like health care and securities, who can now challenge perceived regulatory overreach more effectively. This could have a major impact on SEC rulemaking and ongoing pushback against new SEC rules. This in turn could affect due diligence processes, risk assessments, and compliance strategies within private equity firms. 📖 Read more about the decision: https://lnkd.in/guwBqDQD #Compliance #SEC

“Chevron is Overruled” Supreme Court decision upends the era of agency rule

“Chevron is Overruled” Supreme Court decision upends the era of agency rule

nortonrosefulbright.com

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