Scalia's Son Is a Go-To Lawyer in Challenges to Financial Regulations
Posted Oct 03, 2012 01:25 pm CDT
Eugene Scalia has a famous father, but he’s gaining a reputation in his own right for an impressive 5-0 winning record in recent challenges to financial regulations.
A partner at Gibson Dunn & Crutcher, the younger Scalia won his latest victory last Friday when a Washington, D.C., federal judge struck down a rule to restrict speculative commodities trading, report Corporate Counsel and the Wall Street Journal (sub. req.). On Friday he is back in court seeking to overturn another regulation regarding mutual funds that trade in commodities.
“The graveyard of financial regulations dispatched by Scalia is getting awfully crowded,” Corporate Counsel says, “thanks to his perfect record in a string of recent cases.”
The Wall Street Journal says the recent wins are boosting Eugene Scalia’s reputation. “A former Labor Department lawyer and the son of Supreme Court Justice Antonin Scalia, Mr. Scalia has emerged as one of the industry’s go-to guys for challenging financial regulations,” the story says.
Eugene Scalia contends regulators must consider the economic impact of new rules, the Wall Street Journal says. His critics, on the other hand, say regulators have to consider the effects of their rules on the market, not the costs to the industry.
ABAJournal.com: “Gibson Dunn Partner Eugene Scalia Takes a Pay Cut to Avoid Recusal Issues for His Dad”