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Cite as:  593 U. S. ____ (2021) 

1 

Opinion of the Court 

NOTICE:  This opinion is subject to formal revision before publication in the 
preliminary  print  of  the  United  States  Reports.  Readers  are  requested  to 
notify the Reporter of Decisions, Supreme Court of the United States, Wash-
ington, D. C. 20543, of any typographical or other formal errors, in order that 
corrections may be made before the preliminary print goes to press. 

SUPREME COURT OF THE UNITED STATES 

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No. 19–508 
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AMG CAPITAL MANAGEMENT, LLC, ET AL., 
PETITIONERS v. FEDERAL TRADE COMMISSION 

ON WRIT OF CERTIORARI TO THE UNITED STATES COURT OF 
APPEALS FOR THE NINTH CIRCUIT 

[April 22, 2021] 

JUSTICE BREYER delivered the opinion of the Court. 
Section  13(b)  of  the  Federal  Trade  Commission  Act 
authorizes  the  Commission  to  obtain,  “in  proper  cases,”  a 
“permanent  injunction”  in  federal  court  against  “any  per-
son,  partnership,  or  corporation”  that  it  believes  “is 
violating, or is about to violate, any provision of law” that 
the Commission enforces.  87 Stat. 592, 15 U. S. C. §53(b). 
The question presented is whether this statutory language
authorizes the Commission to seek, and a court to award, 
equitable  monetary  relief  such  as  restitution  or  disgorge-
ment.  We conclude that it does not. 

I 
Petitioner Scott Tucker controlled several companies that
provided  borrowers  with  short-term  payday  loans.  The 
companies,  operating  online,  would  show  a  potential
customer a loan’s essential terms.  When the companies ex-
plained  those  terms,  they  misled  many  customers.    The 
companies’  written  explanations  seemed  to  say  that  cus-
tomers could normally repay a loan by making a single pay-
ment.  And that payment would cost a person who, for ex-
ample, borrowed $300 an extra $90.  (The customer would