SEC Tipsters’ Court Appeal Gets More Heft With Chevron Dead (1)

A federal court appeal by two whistleblowers who helped the Securities and Exchange Commission recover $1 billion for defrauded investors, only to be blocked from collecting what would have been a record award, now shapes up as a test of the program’s future thanks to the Supreme Court.

The timing couldn’t have been better for forensic accountant John McPherson and investor John Barr to argue Tuesday before the US Court of Appeals for the Fifth Circuit. Less than two weeks ago, the Supreme Court opinion in Loper Bright Enters. v. Raimondo overturned the Chevron doctrine, which required judges to defer ...