Shopping Cart
My Account

January 06, 2021

Supreme Court Denies Further Stay in FTC Case Against LREAB

The U.S. Supreme Court on Dec. 18 declined to intervene or issue a further stay of the administrative proceedings brought by the Federal Trade Commission against the Louisiana Real Estate Appraisers Board, making it the first case concerning real estate appraisers to reach the Supreme Court in almost 60 years.
In its complaint, the FTC alleges that certain LREAB regulatory actions regarding appraisal management company payments of reasonable and customary fees to appraisers are anti-competitive and in violation of the Sherman Antitrust Act.
The LREAB sought the stay on Dec. 9 as it pursues a writ of certiorari to the full Supreme Court, requesting a review of an adverse ruling handed down Oct. 2 by the U.S. Court of Appeals for the Fifth Circuit. Justice Samuel Alito, who is responsible for reviewing cases from the Fifth Circuit, declined the stay.
The Fifth Circuit’s decision on Oct. 2 lifted a stay of the administrative proceeding that was imposed by the U.S. District Court for the Middle District of Louisiana in July 2019. The stay was to remain in place while a suit filed by the LREAB against the FTC seeking to overturn several of its decisions in the administrative proceeding was litigated in the District Court. However, the FTC successfully appealed the ruling, and the Fifth Circuit ordered the stay be lifted and also dismissed the LREAB’s suit against the FTC, stating that the District Court lacked jurisdiction in the case. 
While the LREAB may still pursue a writ of certiorari requesting that the Supreme Court review the Fifth Circuit’s order to lift the stay and to dismiss the LREAB’s suit, absent any further court intervention the FTC may move forward with the prosecution of its administrative complaint against the LREAB. 
View documents submitted by the LREAB to the Supreme Court in support of its request.

Pop up content here.

Agree Disagree
close (X)