James L. Koutoulas

U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 26320 / June 4, 2025

James L. Koutoulas v. Securities and Exchange Commission, No. 24-12376 (11th Cir. filed May 8, 2025)

Eleventh Circuit Grants Consent Motion to Dismiss Appeal of Subpoena Enforcement Decision

On May 8, 2025, the United States Court of Appeals for the Eleventh Circuit granted appellant James L. Koutoulas’s unopposed motion to dismiss his appeal from a district court order compelling him to respond to an administrative subpoena issued by the Securities and Exchange Commission. The motion noted that the appeal was moot because the Commission had concluded the underlying investigation, and thus no longer sought enforcement of the subpoena. With the consent of both parties, the Eleventh Circuit vacated the district court’s judgment and remanded the case to the district court for dismissal.