Andrew Friedman quoted in Law360’s “The Biggest Securities Decisions Of 2018: Midyear Report”
July 12, 2018
Shulman Rogers’ Andrew Friedman recently spoke with Law360 on “The Biggest Securities Decisions Of 2018: Midyear Report.” The report highlighted the recent Supreme Court rulings in Lucia v. the SEC and Digital Realty Trust Inc. v. Paul Somers, which both had major impacts in Securities Law.
“One of the fascinating things to me about this case is: What does it do to the rest of the government? There are lots of administrative law judges out there,” said Andrew Friedman, a white collar defense attorney at Shulman Rogers Gandal Pordy & Ecker PA.
For example, the Social Security Administration employs about 1,500 in-house judges to hear primarily disability benefits cases, Friedman said. The Lucia ruling could “throw into doubt” every case in which someone was denied disability benefits by a Social Security ALJ, he said.
“What’s going to happen when people who’ve been denied Social Security benefits start to challenge these decisions against them?” Friedman said. “I think it’s kind of the tip of the iceberg, the Lucia case, which is why I find it interesting.”
Andrew Friedman is a Shareholder in Shulman Rogers’ White Collar, Securities Enforcement and Government Investigations Practice Group. He holds more than 20 years of experience helping clients who are targets of investigations by the DOJ, the SEC, other Federal agencies and the United States Congress. His additional insights on the Lucia v. the SEC ruling are available on the firm’s Play By The Regs blog.