Securities & Exchange Commission v. Chenery Corporation et al.

Decided June 23, 1947. Frank Murphy delivered the opinion of the Court.

Docket 81 · 332 U.S. 194 (1947) · Cited 3,981 times

We don’t yet publish a summary of this opinion — read the official text below for the Court’s holding and reasoning.

How the Justices voted

Decided 5–2.

“Concurring” means agreeing with the outcome; any split shown is the Court’s judgment, not each Justice’s reasoning. Source: the Supreme Court Database (Spaeth et al.), Washington University.

Precedents cited

Supreme Court decisions this opinion relies on, ordered by how often it cites each. Cases in our collection link through; others are named.

• Securities & Exchange Commission v. Chenery Corp. · 318 U.S. 80 (1943)
• National Broadcasting Co. v. United States · 319 U.S. 190 (1943)
• Federal Communications Commission v. Pottsville Broadcasting Co. · 309 U.S. 134 (1940)
• Republic Aviation Corp. v. National Labor Relations Board · 324 U.S. 793 (1945)
• Columbia Broadcasting System, Inc. v. United States · 316 U.S. 407 (1942)
• United States v. Standard Oil Co. Of California · 332 U.S. 301 (1947)
• Addison v. Holly Hill Fruit Products, Inc. · 322 U.S. 607 (1944)
• United States v. Chicago, Milwaukee, St. Paul & Pacific R. · 294 U.S. 499 (1935)
• Federal Radio Comm'n v. Nelson Brothers Bond & Mortgage Co. (Station WIBO) · 289 U.S. 266 (1933)
• Ford Motor Co. v. National Labor Relations Board · 305 U.S. 364 (1939)
• Jacob Siegel Co. v. Federal Trade Commission · 327 U.S. 608 (1946)
• Federal Trade Commission v. R. F. Keppel & Bro. Inc. · 291 U.S. 304 (1934)
• National Labor Relations Board v. Donnelly Garment Co. · 330 U.S. 219 (1947)
• Board of Trade of Kansas City v. United States · 314 U.S. 534 (1942)

Cited by

Later Supreme Court opinions in our collection that cite this case.

• Massachusetts v. Environmental Protection Agency · 549 U.S. 497 (2007)
• National Labor Relations Board v. Bell Aerospace Co. · 416 U.S. 267 (1974)
• Allentown MacK Sales & Service, Inc. v. National Labor Relations Board · 522 U.S. 359 (1998)
• Burlington Truck Lines, Inc. v. United States · 371 U.S. 156 (1962)
• Bowen v. Georgetown University Hospital · 488 U.S. 204 (1988)
• Wyeth v. Levine · 555 U.S. 555 (2009)
• Kisor v. Wilkie · 588 U.S. 558 (2019)
• Encino Motorcars, LLC v. Navarro · 579 U.S. 211 (2016)
• Interstate Commerce Commission v. Brotherhood of Locomotive Engineers · 482 U.S. 270 (1987)
• Federal Maritime Commission v. South Carolina State Ports Authority · 535 U.S. 743 (2002)
• Calcutt v. FDIC · 598 U.S. 623 (2023)
• Motor Vehicle Mfrs. Assn. of United States, Inc. v. State Farm Mut. Automobile Ins. Co. · 463 U.S. 29 (1983)
• United States v. Mead Corp. · 533 U.S. 218 (2001)
• Vermont Yankee Nuclear Power Corp. v. Natural Resources Defense Council, Inc. · 435 U.S. 519 (1978)
• National Labor Relations Board v. Wyman-Gordon Co. · 394 U.S. 759 (1969)
• Federal Trade Commission v. Colgate-Palmolive Co. · 380 U.S. 374 (1965)
• Biden v. Texas · 597 U.S. 785 (2022)
• Penn-Central Merger & N & W Inclusion Cases · 389 U.S. 486 (1968)
• FDA v. Wages and White Lion Investments, LLC · 604 U.S. 542 (2025)
• Chevron U. S. A. Inc. v. Natural Resources Defense Council, Inc. · 467 U.S. 837 (1984)
• Immigration & Naturalization Service v. Ventura · 537 U.S. 12 (2002)
• Consolo v. Federal Maritime Commission · 383 U.S. 607 (1966)
• Bowman Transportation, Inc. v. Arkansas-Best Freight System, Inc. · 419 U.S. 281 (1974)
• Heckler v. Community Health Services of Crawford County, Inc. · 467 U.S. 51 (1984)
• Federal Communications Commission v. Fox Television Stations, Inc. · 556 U.S. 502 (2009)
• Morton v. Ruiz · 415 U.S. 199 (1974)
• Martin v. Occupational Safety & Health Review Commission · 499 U.S. 144 (1991)
• Ponte v. Real · 471 U.S. 491 (1985)
• American Ship Building Co. v. National Labor Relations Board · 380 U.S. 300 (1965)
• Atchison, Topeka & Santa Fe Railway Co. v. Wichita Board of Trade · 412 U.S. 800 (1973)

Official text

Read the official opinion (U.S. Reports, govinfo.gov)

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Source: the U.S. Reports via govinfo.gov; authoring Justice and vote lineup from the Supreme Court Database (Washington University). Citation count from the Free Law Project’s CourtListener bulk data. Data last verified 2026-07-03. Informational only; verify against the primary source before relying. Not a consumer report (FCRA).