An investor sued a corporation in federal court under federal securities law. The investor had lost money after purchasing shares in the corporation based on the corporation's misleading press release. The investor won at the district-court level, but the corporation appealed. The court of appeals reversed the trial court, and the investor filed a petition for a writ of certiorari with the U.S. Supreme Court. If it grants the petition, the Supreme Court will have exercised its _________________.

Question

Quizplus · Accepted Answer

Discretionary jurisdiction. The Supreme Court is not required to hear and decide any appeal. A party must seek a writ of certiorari by petitioning the Court to hear a matter on appeal, but the Court has discretion to grant or deny certiorari. It may decline to hear any case on appeal.

An Investor Sued a Corporation in Federal Court Under Federal