2 Preliminary Injunctions and TROs 2 Preliminary Injunctions and TROs
2.1 Federal Rule of Civil Procedure 65 2.1 Federal Rule of Civil Procedure 65
Rule 65. Injunctions and Restraining Orders
(a) Preliminary Injunction.
(1) Notice. The court may issue a preliminary injunction only on notice to the adverse party.
(2) Consolidating the Hearing with the Trial on the Merits. Before or after beginning the hearing on a motion for a preliminary injunction, the court may advance the trial on the merits and consolidate it with the hearing. Even when consolidation is not ordered, evidence that is received on the motion and that would be admissible at trial becomes part of the trial record and need not be repeated at trial. But the court must preserve any party's right to a jury trial.
(b) Temporary Restraining Order.
(1) Issuing Without Notice. The court may issue a temporary restraining order without written or oral notice to the adverse party or its attorney only if:
(A) specific facts in an affidavit or a verified complaint clearly show that immediate and irreparable injury, loss, or damage will result to the movant before the adverse party can be heard in opposition; and
(B) the movant's attorney certifies in writing any efforts made to give notice and the reasons why it should not be required.
(2) Contents; Expiration. Every temporary restraining order issued without notice must state the date and hour it was issued; describe the injury and state why it is irreparable; state why the order was issued without notice; and be promptly filed in the clerk's office and entered in the record. The order expires at the time after entry—not to exceed 14 days—that the court sets, unless before that time the court, for good cause, extends it for a like period or the adverse party consents to a longer extension. The reasons for an extension must be entered in the record.
(3) Expediting the Preliminary-Injunction Hearing. If the order is issued without notice, the motion for a preliminary injunction must be set for hearing at the earliest possible time, taking precedence over all other matters except hearings on older matters of the same character. At the hearing, the party who obtained the order must proceed with the motion; if the party does not, the court must dissolve the order.
(4) Motion to Dissolve. On 2 days’ notice to the party who obtained the order without notice—or on shorter notice set by the court—the adverse party may appear and move to dissolve or modify the order. The court must then hear and decide the motion as promptly as justice requires.
(c) Security. The court may issue a preliminary injunction or a temporary restraining order only if the movant gives security in an amount that the court considers proper to pay the costs and damages sustained by any party found to have been wrongfully enjoined or restrained. The United States, its officers, and its agencies are not required to give security.
(d) Contents and Scope of Every Injunction and Restraining Order.
(1) Contents. Every order granting an injunction and every restraining order must:
(A) state the reasons why it issued;
(B) state its terms specifically; and
(C) describe in reasonable detail—and not by referring to the complaint or other document—the act or acts restrained or required.
(2) Persons Bound. The order binds only the following who receive actual notice of it by personal service or otherwise:
(A) the parties;
(B) the parties’ officers, agents, servants, employees, and attorneys; and
(C) other persons who are in active concert or participation with anyone described in Rule 65(d)(2)(A) or (B).
(e) Other Laws Not Modified. These rules do not modify the following:
(1) any federal statute relating to temporary restraining orders or preliminary injunctions in actions affecting employer and employee;
(2) 28 U.S.C. §2361, which relates to preliminary injunctions in actions of interpleader or in the nature of interpleader; or
(3) 28 U.S.C. §2284, which relates to actions that must be heard and decided by a three-judge district court.
(f) Copyright Impoundment. This rule applies to copyright-impoundment proceedings.
2.2 Winter v. Natural Resources Defense Council, Inc. 2.2 Winter v. Natural Resources Defense Council, Inc.
WINTER, SECRETARY OF THE NAVY, et al. v. NATURAL RESOURCES DEFENSE COUNCIL, INC., et al.
No. 07-1239.
Argued October 8, 2008
Decided November 12, 2008
*10Roberts, C. J., delivered the opinion of the Court, in which Scalia, Kennedy, Thomas, and Alito, JJ., joined. Breyer, J., filed an opinion *11concurring in part and dissenting in part, in which Stevens, J., joined as to Part I, post, p. 34. Ginsburg, J., filed a dissenting opinion, in which Souter, J., joined, post, p. 43.
Solicitor General Garre argued the cause for petitioners. With him on the briefs were Assistant Attorney General Tenpas, Deputy Solicitor General Kneedler, Deputy Assistant Attorney General Nelson, Anthony A. Yang, Andrew C. Mergen, Michael R. Eitel, Luther L. Hajek, Allen M. Brdbender, Daniel J. DelVOrto, Thomas N. Ledvina, J. Page Turney, Jane C. Luxton, Mary Beth Ward, Joel La Bissonniere, and Edward A. Boling.
Richard B. Kendall argued the cause for respondents. With him on the brief for respondent environmentalists were Robert N. Klieger, Gregory A. Fayer, Joel R. Reynolds, Cara A. Horowitz, and Stephen Zak Smith.
Edmund G. Brown, Jr., Attorney General of California, filed a brief for respondent California Coastal Commission. With him on the brief were Jarme Jordan Patterson, Supervising Deputy Attorney General, J. Matthew Rodriquez, Chief Assistant Attorney General, Manuel M. Medeiros, Solicitor General, and Gordon Burns, Deputy Solicitor General.*
Briefs of amici curiae urging reversal were filed for the Navy League of the United States — Honolulu Council et al. by Robert H. Thomas, Mark M. Murakami, Theodore G. Meeker, and Michael A. Lilly; for the Pacific Legal Foundation by M. Reed Hopper and Steven Geoffrey Gieseler; and for the Washington Legal Foundation et al. by Andrew G. McBride, Daniel J. Popeo, and Paul D. Kamenar.
Briefs of amici curiae urging affirmance were filed for the Ecological Society of America by Peter E. Perkowski; for California Assembly Member Julia Brownley et al. by Stephen B. Kinnaird, Peter H. Weiner, Paul W. Cane, Jr., and Sean D. Unger; and for Michael C. Small et al. by Mr. Small, pro se, Jonathan D. Varat, and Edward P. Lazarus.
Briefs of amici curiae were filed for the California Forestry Association et al. by Thomas R. Dundquist, J. Michael Klise, Michele Dias, William R. Murray, Douglas T. Nelson, Duane J. Desiderio, and Thomas J. Ward; and for Defenders of Wildlife et al. by Eric R. Glitzenstein.
delivered the opinion of the Court.
“To be prepared for war is one of the most effectual means of preserving peace.” 1 Messages and Papers of the Presidents 57 (J. Richardson comp. 1897). So said George Washington in his first Annual Address to Congress, 218 years ago. One of the most important ways the Navy prepares for war is through integrated training exercises at sea. These exercises include training in the use of modern sonar to detect and track enemy submarines, something the Navy has done for the past 40 years. The plaintiffs, respondents here, complained that the Navy’s sonar-training program harmed marine mammals, and that the Navy should have prepared an environmental impact statement before commencing its latest round of training exercises. The Court of Appeals upheld a preliminary injunction imposing restrictions on the Navy’s sonar training, even though that court acknowledged that “the record contains no evidence that marine mammals have been harmed” by the Navy’s exercises. 518 F. 3d 658, 696 (CA9 2008).
The Court of Appeals was wrong, and its decision is reversed.
I
The Navy deploys its forces in “strike groups,” which are groups of surface ships, submarines, and aircraft centered around either an aircraft carrier or an amphibious assault ship. App. to Pet. for Cert. 316a-317a (Pet. App.). Seamless coordination among strike-group assets is critical. Before deploying a strike group, the Navy requires extensive integrated training in analysis and prioritization of threats, execution of military missions, and maintenance of force protection. App. 110-111.
Antisubmarine warfare is currently the Pacific Fleet’s top war-fighting priority. Pet. App. 270a-271a. Modern diesel-electric submarines pose a significant threat to Navy vessels because they can operate almost silently, making them ex*13tremely difficult to detect and track. Potential adversaries of the United States possess at least 300 of these submarines. App. 571.
The most effective technology for identifying submerged diesel-electric submarines within their torpedo range is active sonar, which involves emitting pulses of sound underwater and then receiving the acoustic waves that echo off the target. Pet. App. 266a-267a, 274a. Active sonar is a particularly useful tool because it provides both the bearing and the distance of target submarines; it is also sensitive enough to allow the Navy to track enemy submarines that are quieter than the surrounding marine environment.1 This case concerns the Navy’s use of “mid-frequency active” (MFA) sonar, which transmits sound waves at frequencies between 1 kHz and 10 kHz.
Not surprisingly, MFA sonar is a complex technology, and sonar operators must undergo extensive training to become proficient in its use. Sonar reception can be affected by countless different factors, including the time of day, water density, salinity, currents, weather conditions, and the contours of the sea floor. Id., at 278a-279a. When working as part of a strike group, sonar operators must be able to coordinate with other Navy ships and planes while avoiding interference. The Navy conducts regular training exercises under realistic conditions to ensure that sonar operators are thoroughly skilled in its use in a variety of situations.
The waters off the coast of southern California (SOCAL) are an ideal location for conducting integrated training exercises, as this is the only area on the west coast that is relatively close to land, air, and sea bases, as well as amphibious *14landing areas. App. 141-142. At issue in this case are the Composite Training Unit Exercises and the Joint Tactical Force Exercises, in which individual naval units (ships, submarines, and aircraft) train together as members of a strike group. A strike group cannot be certified for deployment until it has successfully completed the integrated training exercises, including a demonstration of its ability to operate under simulated hostile conditions. Id., at 564-565. In light of the threat posed by enemy submarines, all strike groups must demonstrate proficiency in antisubmarine warfare. Accordingly, the SOCAL exercises include extensive training in detecting, tracking, and neutralizing enemy submarines. The use of MFA sonar during these exercises is “mission-critical,” given that MFA sonar is the only proven method of identifying submerged diesel-electric submarines operating on battery power. Id., at 568-571.
Sharing the waters in the SOCAL operating area are at least 37 species of marine mammals, including dolphins, whales, and sea lions. The parties strongly dispute the extent to which the Navy’s training activities will harm those animals or disrupt their behavioral patterns. The Navy emphasizes that it has used MFA sonar during training exercises in SOCAL for 40 years, without a single documented sonar-related injury to any marine mammal. The Navy asserts that, at most, MFA sonar may cause temporary hearing loss or brief disruptions of marine mammals’ behavioral patterns.
The plaintiffs are the Natural Resources Defense Council, Inc., Jean-Michael Cousteau (an environmental enthusiast and filmmaker), and several other groups devoted to the protection of marine mammals and ocean habitats. They contend that MFA sonar can cause much more serious injuries to marine mammals than the Navy acknowledges, including permanent hearing loss, decompression sickness, and major behavioral disruptions. According to the plaintiffs, several mass strandings of marine mammals (outside of SOCAL) *15have been “associated” with the use of active sonar. They argue that certain species of marine mammals — such as beaked whales — are uniquely susceptible to injury from active sonar; these injuries would not necessarily be detected by the Navy, given that beaked whales are “very deep divers” that spend little time at the surface.
II
The procedural history of this case is rather complicated. The Marine Mammal Protection Act of 1972 (MMPA), 86 Stat. 1027, generally prohibits any individual from “taking” a marine mammal, defined as harassing, hunting, capturing, or killing it. 16 U. S. C. §§ 1362(13), 1372(a). The Secretary of Defense may “exempt any action or category of actions” from the MMPA if such actions are “necessary for national defense.” § 1371(f)(1). In January 2007, the Deputy Secretary of Defense — acting for the Secretary — granted the Navy a 2-year exemption from the MMPA for the training exercises at issue in this case. Pet. App. 219a-220a. The exemption was conditioned on the Navy adopting several mitigation procedures, including: (1) training lookouts and officers to watch for marine mammals; (2) requiring at least five lookouts with binoculars on each vessel to watch for anomalies on the water surface (including marine mammals); (3) requiring aircraft and sonar operators to report detected marine mammals in the vicinity of the training exercises; (4) requiring reduction of active sonar transmission levels by 6 dB if a marine mammal is detected within 1,000 yards of the bow of the vessel, or by 10 dB if detected within 500 yards; (5) requiring complete shutdown of active sonar transmission if a marine mammal is detected within 200 yards of the vessel; (6) requiring active sonar to be operated at the “lowest practicable level”; and (7) adopting coordination and reporting procedures. Id., at 222a-230a.
The National Environmental Policy Act of 1969 (NEPA), 83 Stat. 852, requires federal agencies “to the fullest extent *16possible” to prepare an environmental impact statement (EIS) for “every . . . major Federal actio[n] significantly affecting the quality of the human environment.” 42 U. S. C. §4332(2)(C) (2000 ed.). An agency is not required to prepare a full EIS if it determines — based on a shorter environmental assessment (EA) — that the proposed action will not have a significant impact on the environment. 40 CFR §§ 1508.9(a), 1508.13 (2007).
In February 2007, the Navy issued an EA concluding that the 14 SOCAL training exercises scheduled through January 2009 would not have a significant impact on the environment. App. 226-227. The EA divided potential injury to marine mammals into two categories: Level A harassment, defined as the potential destruction or loss of biological tissue (1 e., physical injury), and Level B harassment, defined as temporary injury or disruption of behavioral patterns such as migration, feeding, surfacing, and breeding. Id., at 160-161.
The Navy’s computer models predicted that the SOCAL training exercises would cause only eight Level A harassments of common dolphins each year, and that even these injuries could be avoided through the Navy’s voluntary mitigation measures, given that dolphins travel in large pods easily located by Navy lookouts. Id., at 176-177, 183. The EA also predicted 274 Level B harassments of beaked whales per year, none of which would result in permanent injury. Id., at 185-186. Beaked whales spend little time at the surface, so the precise effect of active sonar on these mammals is unclear. Erring on the side of caution, the Navy classified all projected harassments of beaked whales as Level A. Id., at 186, 223. In light of its conclusion that the SOCAL training exercises would not have a significant impact on the environment, the Navy determined that it was unnecessary to prepare a full EIS. See 40 CFR § 1508.13.
Shortly after the Navy released its EA, the plaintiffs sued the Navy, seeking declaratory and injunctive relief on the grounds that the Navy’s SOCAL training exercises violated *17NEPA, the Endangered Species Act of 1973 (ESA), and the Coastal Zone Management Act of 1972 (CZMA).2 The District Court granted plaintiffs’ motion for a preliminary injunction and prohibited the Navy from using MFA sonar during its remaining training exercises. The court held that plaintiffs had “demonstrated a probability of success” on their claims under NEPA and the CZMA. Pet. App. 207a, 215a. The court also determined that equitable relief was appropriate because, under Ninth Circuit precedent, plaintiffs had established at least a “ ‘possibility’ ” of irreparable harm to the environment. Id., at 217a. Based on scientific studies, declarations from experts, and other evidence in the record, the District Court concluded that there was in fact a “near certainty” of irreparable injury to the environment, and that this injury outweighed any possible harm to the Navy. Id., at 217a-218a.
The Navy filed an emergency appeal, and the Ninth Circuit stayed the injunction pending appeal. 502 F. 3d 859, 865 (2007). After hearing oral argument, the Court of Appeals agreed with the District Court that preliminary injunctive relief was appropriate. The appellate court concluded, however, that a blanket injunction prohibiting the Navy from using MFA sonar in SOCAL was overbroad, and remanded the case to the District Court “to narrow its injunction so as to provide mitigation conditions under which the Navy may conduct its training exercises.” 508 F. 3d 885, 887 (2007).
On remand, the District Court entered a new preliminary injunction allowing the Navy to use MFA sonar only as long as it implemented the following mitigation measures (in addition to the measures the Navy had adopted pursuant to its MMPA exemption): (1) imposing a 12 nautical mile “exclusion *18zone” from the coastline; (2) using lookouts to conduct additional monitoring for marine mammals; (3) restricting the use of “helicopter-dipping” sonar; (4) limiting the use of MFA sonar in geographic “choke points”; (5) shutting down MFA sonar when a marine mammal is spotted within 2,200 yards of a vessel; and (6) powering down MFA sonar by 6 dB during significant surface ducting conditions, in which sound travels further than it otherwise would due to temperature differences in adjacent layers of water. 530 F. Supp. 2d 1110, 1118-1121 (CD Cal. 2008). The Navy filed a notice of appeal, challenging only the last two restrictions.
The Navy then sought relief from the Executive Branch. The President, pursuant to 16 U. S. C. § 1456(c)(1)(B), granted the Navy an exemption from the CZMA. Section 1456(c)(1)(B) permits such exemptions if the activity in question is “in the paramount interest of the United States.” The President determined that continuation of the exercises as limited by the Navy was “essential to national security.” Pet. App. 232a. He concluded that compliance with the District Court’s injunction would “undermine the Navy’s ability to conduct realistic training exercises that are necessary to ensure the combat effectiveness of... strike groups.” Ibid.
Simultaneously, the Council on Environmental Quality (CEQ) authorized the Navy to implement “alternative arrangements” to NEPA compliance in light of “emergency circumstances.” See 40 CFR § 1506.11.3 The CEQ determined that alternative arrangements were appropriate because the District Court’s injunction “create[s] a significant and unreasonable risk that Strike Groups will not be *19able to train and be certified as fully mission capable.” Pet. App. 238a. Under the alternative arrangements, the Navy would be permitted to conduct its training exercises under the mitigation procedures adopted in conjunction with the exemption from the MMPA. The CEQ also imposed additional notice, research, and reporting requirements.
In light of these actions, the Navy then moved to vacate the District Court’s injunction with respect to the 2,200-yard shutdown zone and the restrictions on training in surface ducting conditions. The District Court refused to do so, 527 F. Supp. 2d 1216 (2008), and the Court of Appeals affirmed. The Ninth Circuit held that there was a serious question regarding whether the CEQ’s interpretation of the “emergency circumstances” regulation was lawful. Specifically, the court questioned whether there was a true “emergency” in this case, given that the Navy has been on notice of its obligation to comply with NEPA from the moment it first planned the SOCAL training exercises. 518 F. 3d, at 681. The Court of Appeals concluded that the preliminary injunction was entirely predictable in light of the parties’ litigation history. Ibid. The court also held that plaintiffs had established a likelihood of success on their claim that the Navy was required to prepare a full EIS for the SOCAL training exercises. Id., at 693. The Ninth Circuit agreed with the District Court’s holding that the Navy’s EA — which resulted in a finding of no significant environmental impact — was “cursory, unsupported by cited evidence, or unconvincing.” Ibid.4
The Court of Appeals further determined that plaintiffs had carried their burden of establishing a “possibility” of irreparable injury. Even under the Navy’s own figures, the court concluded, the training exercises would cause 564 physical injuries to marine mammals, as well as 170,000 disturb*20anees of marine mammals’ behavior. Id., at 696. Lastly, the Court of Appeals held that the balance of hardships and consideration of the public interest weighed in favor of the plaintiffs. The court emphasized that the negative impact on the Navy’s training exercises was “speculative,” since the Navy has never before operated under the procedures required by the District Court. Id., at 698-699. In particular, the court determined that: (1) The 2,200-yard shutdown zone imposed by the District Court was unlikely to affect the Navy’s operations, because the Navy often shuts down its MFA sonar systems during the course of training exercises; and (2) the power-down requirement during significant surface ducting conditions was not unreasonable because such conditions are rare, and the Navy has previously certified strike groups that had not trained under such conditions. Id., at 699-702. The Ninth Circuit concluded that the District Court’s preliminary injunction struck a proper balance between the competing interests at stake.
We granted certiorari, 554 U. S. 916 (2008), and now reverse and vacate the injunction.
Ill
A
A plaintiff seeking a preliminary injunction must establish that he is likely to succeed on the merits, that he is likely to suffer irreparable harm in the absence of preliminary relief, that the balance of equities tips in his favor, and that an injunction is in the public interest. See Munaf v. Geren, 553 U. S. 674, 689-690 (2008); Amoco Production Co. v. Gambell, 480 U. S. 531, 542 (1987); Weinberger v. Romero-Barcelo, 456 U. S. 305, 311-312 (1982).
The District Court and the Ninth Circuit concluded that plaintiffs have shown a likelihood of success on the merits of their NEPA claim. The Navy strongly disputes this determination, arguing that plaintiffs’ likelihood of success is low because the CEQ reasonably concluded that “emergency *21circumstances” justified alternative arrangements to NEPA compliance. 40 CFR § 1506.11. Plaintiffs’briefs before this Court barely discuss the ground relied upon by the lower courts — that the plain meaning of “emergency circumstances” does not encompass a court order that was “entirely predictable” in light of the parties’ litigation history. 518 F. 3d, at 681. Instead, plaintiffs contend that the CEQ’s actions violated the separation of powers by readjudicating a factual issue already decided by an Article III court. Moreover, they assert that the CEQ’s interpretations of NEPA are not entitled to deference because the CEQ has not been given statutory authority to conduct adjudications.
The District Court and the Ninth Circuit also held that when a plaintiff demonstrates a strong likelihood of prevailing on the merits, a preliminary injunction may be entered based only on a. “possibility” of irreparable harm. Id., at 696-697; 530 F. Supp. 2d, at 1118 (quoting Faith Center Church Evangelistic Ministries v. Glover, 480 F. 3d 891, 906 (CA9 2007); Earth Island Inst. v. United States Forest Serv., 442 F. 3d 1147,1159 (CA9 2006)). The lower courts held that plaintiffs had met this standard because the scientific studies, declarations, and other evidence in the record established to “a near certainty” that the Navy’s training exercises would cause irreparable harm to the environment. 530 F. Supp. 2d, at 1118.
The Navy challenges these holdings, arguing that plaintiffs must demonstrate a likelihood of irreparable injury— not just a possibility — in order to obtain preliminary relief. On the facts of this case, the Navy contends that plaintiffs’ alleged injuries are too speculative to give rise to irreparable injury, given that ever since the Navy’s training program began 40 years ago, there has been no documented case of sonar-related injury to marine mammals in SOCAL. And even if MFA sonar does cause a limited number of injuries to individual marine mammals, the Navy asserts that plaintiffs have failed to offer evidence of species-level harm that *22would adversely affect their scientific, recreational, and ecological interests. For their part, plaintiffs assert that they would prevail under any formulation of the irreparable injury standard, because the District Court found that they had established a “near certainty” of irreparable harm.
We agree with the Navy that the Ninth Circuit’s “possibility” standard is too lenient. Our frequently reiterated standard requires plaintiffs seeking preliminary relief to demonstrate that irreparable injury is likely in the absence of an injunction. Los Angeles v. Lyons, 461 U. S. 95, 103 (1983); Granny Goose Foods, Inc. v. Teamsters, 415 U. S. 423, 441 (1974); O’Shea v. Littleton, 414 U. S. 488, 502 (1974); see also 11A C. Wright, A. Miller, & M. Kane, Federal Practice and Procedure §2948.1, p. 139 (2d ed. 1995) (hereinafter Wright & Miller) (applicant must demonstrate that in the absence of a preliminary injunction, “the applicant is likely to suffer irreparable harm before a decision on the merits can be rendered”); id., at 154-155 (“[A] preliminary injunction will not be issued simply to prevent the possibility of some remote future injury”). Issuing a preliminary injunction based only on a possibility of irreparable harm is inconsistent with our characterization of injunctive relief as an extraordinary remedy that may only be awarded upon a clear showing that the plaintiff is entitled to such relief. Mazurek v. Armstrong, 520 U. S. 968, 972 (1997) (per curiam).
It is not clear that articulating the incorrect standard affected the Ninth Circuit’s analysis of irreparable harm. Although the court referred to the “possibility” standard, and cited Circuit precedent along the same lines, it affirmed the District Court’s conclusion that plaintiffs had established a “ ‘near certainty’ ” of irreparable harm. 518 F. 3d, at 696-697. At the same time, however, the nature of the District Court’s conclusion is itself unclear. The District Court originally found irreparable harm from sonar-training exercises generally. But by the time of the District Court’s final decision, the Navy challenged only two of six restrictions *23imposed by the court. See supra, at 17-19. The District Court did not reconsider the likelihood of irreparable harm in light of the four restrictions not challenged by the Navy. This failure is significant in light of the District Court’s own statement that the 12 nautical mile exclusion zone from the coastline — one of the unchallenged mitigation restrictions— “would bar the use of MFA sonar in a significant portion of important marine mammal habitat.” 530 F. Supp. 2d, at 1119.
We also find it pertinent that this is not a case in which the defendant is conducting a new type of activity with completely unknown effects on the environment. When the Government conducts an activity, “NEPA itself does not mandate particular results.” Robertson v. Methow Valley Citizens Council, 490 U. S. 332, 350 (1989). Instead, NEPA imposes only procedural requirements to “ensur[e] that the agency, in reaching its decision, will have available, and will carefully consider, detailed information concerning significant environmental impacts.” Id., at 349. Part of the harm NEPA attempts to prevent in requiring an EIS is that, without one, there may be little if any information about prospective environmental harms and potential mitigating measures. Here, in contrast, the plaintiffs are seeking to enjoin — or substantially restrict — training exercises that have been taking place in SOCAL for the last 40 years. And the latest series of exercises were not approved until after the defendant took a “hard look at environmental consequences,” id., at 350 (quoting Kleppe v. Sierra Club, 427 U. S. 390, 410, n. 21 (1976); internal quotation marks omitted), as evidenced by the issuance of a detailed, 293-page EA.
As explained in the next section, even if plaintiffs have shown irreparable injury from the Navy’s training exercises, any such injury is outweighed by the public interest and the Navy’s interest in effective, realistic training of its sailors. A proper consideration of these factors alone requires denial of the requested injunctive relief. For the same reason, we *24do not address the lower courts’ holding that plaintiffs have also established a likelihood of success on the merits.
B
A preliminary injunction is an extraordinary remedy never awarded as of right. Munaf, 553 U. S., at 689-690. In each case, courts “must balance the competing claims of injury and must consider the effect on each party of the granting or withholding of the requested relief.” Amoco Production Co., 480 U. S., at 542. “In exercising their sound discretion, courts of equity should pay particular regard for the public consequences in employing the extraordinary remedy of injunction.” Romero-Barcelo, 456 U. S., at 312; see also Railroad Comm’n of Tex. v. Pullman Co., 312 U. S. 496, 500 (1941). In this case, the District Court and the Ninth Circuit significantly understated the burden the preliminary injunction would impose on the Navy’s ability to conduct realistic training exercises, and the injunction’s consequent adverse impact on the public interest in national defense.
This case involves “complex, subtle, and professional decisions as to the composition, training, equipping, and control of a military force,” which are “essentially professional military judgments.” Gilligan v. Morgan, 413 U. S. 1, 10 (1973). We “give great deference to the professional judgment of military authorities concerning the relative importance of a particular military interest.” Goldman v. Weinberger, 475 U. S. 503, 507 (1986). As the Court emphasized just last Term, “neither the Members of this Court nor most federal judges begin the day with briefings that may describe new and serious threats to our Nation and its people.” Boumediene v. Bush, 553 U. S. 723, 797 (2008).
Here, the record contains declarations from some of the Navy’s most senior officers, all of whom underscored the threat posed by enemy submarines and the need for extensive sonar training to counter this threat. Admiral Gary *25Roughead — the Chief of Naval Operations — stated that during training exercises:
“It is important to stress the ship crews in all dimensions of warfare simultaneously. If one of these training elements were impacted — for example, if effective sonar training were not possible — the training value of the other elements would also be degraded . . . .” Pet. App. 342a.
Captain Martin May — the Third Fleet’s Assistant Chief of Staff for Training and Readiness — emphasized that the use of MFA sonar is “mission-critical.” App. 570-571. He described the ability to operate MFA sonar as a “highly perishable skill” that must be repeatedly practiced under realistic conditions. Id., at 577. During training exercises, MFA sonar operators learn how to avoid sound-reducing “clutter” from ocean floor topography and environmental conditions; they also learn how to avoid interference and how to coordinate their efforts with other sonar operators in the strike group. Id., at 574. Several Navy officers emphasized that realistic training cannot be accomplished under the two challenged restrictions imposed by the District Court — the 2,200-yard shutdown zone and the requirement that the Navy power down its sonar systems during significant surface ducting conditions. See, e. g., Pet. App. 333a (powering down in presence of surface ducting “unreasonably prevent[s] realistic training”); id., at 356a (shutdown zone would “result in a significant, adverse impact to realistic training”). We accept these officers’ assertions that the use of MFA sonar under realistic conditions during training exercises is of the utmost importance to the Navy and the Nation.
These interests must be weighed against the possible harm to the ecological, scientific, and recreational interests that are legitimately before this Court. Plaintiffs have submitted declarations asserting that they take whale watching trips, observe marine mammals underwater, conduct scien*26tifie research on marine mammals, and photograph these animals in their natural habitats. Plaintiffs contend that the Navy’s use of MFA sonar will injure marine mammals or alter their behavioral patterns, impairing plaintiffs’ ability to study and observe the animals.
While we do not question the seriousness of these interests, we conclude that the balance of equities and consideration of the overall public interest in this case tip strongly in favor of the Navy. For the plaintiffs, the most serious possible injury would be harm to an unknown number of the marine mammals that they study and observe. In contrast, forcing the Navy to deploy an inadequately trained antisubmarine force jeopardizes the safety of the fleet. Active sonar is the only reliable technology for detecting and tracking enemy diesel-electric submarines, and the President— the Commander in Chief — has determined that training with active sonar is “essential to national security.” Id., at 232a.
The public interest in conducting training exercises with active sonar under realistic conditions plainly outweighs the interests advanced by the plaintiffs. Of course, military interests do not always trump other considerations, and we have not held that they do. In this case, however, the proper determination of where the public interest lies does not strike us as a close question.
C
Despite the importance of assessing the balance of equities and the public interest in determining whether to grant a preliminary injunction, the District Court addressed these considerations in only a cursory fashion. The court’s entire discussion of these factors consisted of one (albeit lengthy) sentence: “The Court is also satisfied that the balance of hardships tips in favor of granting an injunction, as the harm to the environment, Plaintiffs, and public interest outweighs the harm that Defendants would incur if prevented from using MFA sonar, absent the use of effective mitigation *27measures, during a subset of their regular activities in one part of one state for a limited period.” Id., at 217a-218a. As the prior Ninth Circuit panel in this case put it, in staying the District Court’s original preliminary injunction, “[t]he district court did not give serious consideration to the public interest factor.” 502 F. 3d, at 863. The District Court’s order on remand did nothing to cure this defect, but simply repeated nearly verbatim the same sentence from its previous order. Compare 530 F. Supp. 2d, at 1118, with Pet. App. 217a-218a. The subsequent Ninth Circuit panel framed its opinion as reviewing the District Court’s exercise of discretion, 518 F. 3d, at 697-699, but that discretion was barely exercised here.
The Court of Appeals held that the balance of equities and the public interest favored the plaintiffs, largely based on its view that the preliminary injunction would not in fact impose a significant burden on. the Navy’s ability to conduct its training exercises and certify its strike groups. Id., at 698-699. The court deemed the Navy’s concerns about the preliminary injunction “speculative” because the Navy had not operated under similar procedures before. Ibid. But this is almost always the case when a plaintiff seeks injunctive relief to alter a defendant’s conduct. The lower courts failed properly to defer to .senior Navy officers’ specific, predictive judgments about how the preliminary injunction would reduce the effectiveness of the Navy’s SOCAL training exercises. See Wright & Miller §2948.2, at 167-168 (“The policy against the imposition of judicial restraints prior to an adjudication of the merits becomes more significant when there is reason to believe that the decree will be burdensome”).
The preliminary injunction requires the Navy to shut down its MFA sonar if a marine mammal is detected within 2,200 yards of a sonar-emitting vessel. The Ninth Circuit stated that the 2,200-yard shutdown zone would not be overly burdensome because sightings of marine mammals *28during training exercises are relatively rare. But regardless of the frequency of marine mammal sightings, the injunction will greatly increase the size of the shutdown zone. Pursuant to its exemption from the MMPA, the Navy agreed to reduce the power of its MFA sonar at 1,000 yards and 500 yards, and to completely turn off the system at 200 yards. Pet. App. 222a-230a. The District Court’s injunction does not include a graduated power-down, instead requiring a total shutdown of MFA sonar if a marine mammal is detected within 2,200 yards of a sonar-emitting vessel. There is an exponential relationship between radius length and surface area (Area = % r2). Increasing the radius of the shutdown zone from 200 to 2,200 yards would accordingly expand the surface area of the shutdown zone by a factor of over 100 (from 125,664 square yards to 15,205,308 square yards).
The lower courts did not give sufficient weight to the views of several top Navy officers, who emphasized that because training scenarios can take several days to develop, each additional shutdown can result in the loss of several days’ worth of training. Id., at 344a. Limiting the number of sonar shutdowns is particularly important during the Joint Tactical Force Exercises, which usually last for less than two weeks. Ibid. Rear Admiral John Bird explained that the 2,200-yard shutdown zone would cause operational commanders to “lose awareness of the tactical situation through the constant stopping and starting of MFA [sonar].” Id., at 332a; see also id., at 356a (“It may take days to get to the pivotal attack in antisubmarine warfare, but only minutes to confound the results upon which certification is based”). Even if there is a low likelihood of a marine mammal sighting, the preliminary injunction would clearly increase the number of disruptive sonar shutdowns the Navy is forced to perform during its SOCAL training exercises.
The Court of Appeals also concluded that the 2,200-yard shutdown zone would not be overly burdensome because the Navy had shut down MFA sonar 27 times during its eight *29prior training exercises in SOCAL; in several of these cases, the Navy turned off its sonar when marine mammals were spotted well beyond the Navy’s self-imposed 200-yard shutdown zone. 518 F. 3d, at 700, n. 65. Vice Admiral Samuel Locklear III — the Commander of the Navy’s Third Fleet— stated that any shutdowns beyond the 200-yard zone were voluntary avoidance measures that likely took place at tactically insignificant times; the Ninth Circuit discounted this explanation as not supported by the record. Ibid. In reaching this conclusion, the Court of Appeals ignored key portions of Vice Admiral Locklear’s declaration, in which he stated unequivocally that commanding officers “would not shut down sonar until legally required to do so if in contact with a submarine.” Pet. App. 354a-355a. Similarly, if a commanding officer is in contact with a target submarine, “the CO will be expected to continue to use active sonar unless another ship or helicopter can gain contact or if regulatory reasons dictate otherwise.” Id., at 355a. The record supports the Navy’s contention that its shutdowns of MFA sonar during prior training exercises only occurred during tactically insignificant times; those voluntary shutdowns do not justify the District Court’s imposition of a mandatory 2,200-yard shutdown zone.
Lastly, the Ninth Circuit stated that a 2,200-yard shutdown zone was feasible because the Navy had previously adopted a 2,000-meter zone for low-frequency active (LFA) sonar. The Court of Appeals failed to give sufficient weight to the fact that LFA sonar is used for long-range detection of enemy submarines, and thus its use and shutdown involve tactical considerations quite different from those associated with MFA sonar. See App. 508 (noting that equating MFA sonar with LFA sonar “is completely misleading and is like comparing 20 degrees Fahrenheit to 20 degrees Celsius”).
The Court of Appeals also concluded that the Navy’s training exercises would not be significantly affected by the requirement that it power down MFA sonar by 6 dB during *30significant surface ducting conditions. Again, we think the Ninth Circuit understated the burden this requirement would impose on the Navy’s ability to conduct realistic training exercises.
Surface ducting is a phenomenon in which relatively little sound energy penetrates beyond a narrow layer near the surface of the water. When surface ducting occurs, active sonar becomes more useful near the surface but less useful at greater depths. Pet. App. 299a-300a. Diesel-electric submariners are trained to take advantage of these distortions to avoid being detected by sonar. Id., at 333a.
The Ninth Circuit determined that the power-down requirement during surface ducting conditions was unlikely to affect certification of the Navy’s strike groups because surface ducting occurs relatively rarely, and the Navy has previously certified strike groups that did not train under such conditions. 518 F. 3d, at 701-702. This reasoning is backwards. Given that surface ducting is both rare and unpredictable, it is especially important for the Navy to be able to train under these conditions when they occur. Rear Admiral Bird explained that the 6 dB power-down requirement makes the training less valuable because it “exposes [sonar operators] to unrealistically lower levels of mutual interference caused by multiple sonar systems operating together by the ships within the Strike Group.” Pet. App. 281a (footnote and some capitalization omitted). Although a 6 dB reduction may not seem terribly significant, decibels are measured on a logarithmic scale, so a 6 dB decrease in power equates to a 75% reduction. Id., at 284a-285a.
The District Court acknowledged that “ ‘the imposition of these mitigation measures will require the Navy to alter and adapt the way it conducts antisubmarine warfare training — a substantial challenge. Nevertheless, evidence presented to the Court reflects that the Navy has employed mitigation measures in the past, without sacrificing training *31objectives.’ ” 527 F. Supp. 2d, at 1238. Apparently no good deed goes unpunished. The fact that the Navy has taken measures in the past to address concerns about marine mammals — or, for that matter, has elected not to challenge four additional restrictions imposed by the District Court in this case, see supra, at 17-19 — hardly means that other, more intrusive restrictions pose no threat to preparedness for war.
The Court of Appeals concluded its opinion by stating that “the Navy may return to the district court to request relief on an emergency basis” if the preliminary injunction “actually result[s] in an inability to train and certify sufficient naval forces to provide for the national defense.” 518 F. 3d, at 703. This is cold comfort to the Navy. The Navy contends that the injunction will hinder efforts to train sonar operators under realistic conditions, ultimately leaving strike groups more vulnerable to enemy submarines. Unlike the Ninth Circuit, we do not think the Navy is required to wait until the injunction “actually result[s] in an inability to train ... sufficient naval forces to provide for the national defense” before seeking its dissolution. By then it may be too late.
IV
As noted above, we do not address the underlying merits of plaintiffs’ claims. While we have authority to proceed to such a decision at this point, see Munaf, 553 U. S., at 691-692, doing so is not necessary here. In addition, reaching the merits is complicated by the fact that the lower courts addressed only one of several issues raised, and plaintiffs have largely chosen not to defend the decision below on that ground.5
*32At the same time, what we have said makes clear that it would be an abuse of discretion to enter a permanent injunction, after final decision on the merits, along the same lines as the preliminary injunction. An injunction is a matter of equitable discretion; it does not follow from success on the merits as a matter of course. Romero-Barcelo, 456 U. S., at 313 (“[A] federal judge sitting as chancellor is not mechanically obligated to grant an injunction for every violation of law”).
The factors examined above — the balance of equities and consideration of the public interest — are pertinent in assessing the propriety of any injunctive relief, preliminary or permanent. See Amoco Production Co., 480 U. S., at 546, n. 12 (“The standard for a preliminary injunction is essentially the same as for a permanent injunction with the exception that the plaintiff must show a likelihood of success on the merits rather than actual success”). Given that the ultimate legal claim is that the Navy must prepare an EIS, not that it must cease sonar training, there is no basis for enjoining such *33training in a manner credibly alleged to pose a serious threat to national security. This is particularly true in light of the fact that the training has been going on for 40 years with no documented episode of harm to a marine mammal. A court concluding that the Navy is required to prepare an EIS has many remedial tools at its disposal, including declaratory relief or an injunction tailored to the preparation of an EIS rather than the Navy’s training in the interim. See, e. g., Steffel v. Thompson, 415 U. S. 452, 466 (1974) (“Congress plainly intended declaratory relief to act as an alternative to the strong medicine of the injunction”). In the meantime, we see no basis for jeopardizing national security, as the present injunction does. Plaintiffs confirmed at oral argument that the preliminary injunction was “the whole ball game,” Tr. of Oral Arg. 33, and our analysis of the propriety of preliminary relief is applicable to any permanent injunction as well.
* Hi
President Theodore Roosevelt explained that “the only way in which a navy can ever be made efficient is by practice at sea, under all the conditions which would have to be met if war existed.” President’s Annual Message, 42 Cong. Rec. 81 (1907). We do not discount the importance of plaintiffs’ ecological, scientific, and recreational interests in marine mammals. Those interests, however, are plainly outweighed by the Navy’s need to conduct realistic training exercises to ensure that it is able to neutralize the threat posed by enemy submarines. The District Court abused its discretion by imposing a 2,200-yard shutdown zone and by requiring the Navy to power down its MPA sonar during significant surface ducting conditions. The judgment of the Court of Appeals is reversed, and the preliminary injunction is vacated to the extent it has been challenged by the Navy.
It is so ordered.
In contrast, passive sonar “listens” for sound waves but does not introduce sound into the water. Passive sonar is not effective for tracking diesel-electric submarines because those vessels can operate almost silently. Passive sonar also has a more limited range than active sonar, and cannot identify the exact location of an enemy submarine. Pet. App. 266a-271a.
The CZMA states that federal agencies taking actions “that affec[t] any land or water use or natural resource of the coastal zone” shall carry out these activities “in a manner which is consistent to the maximum extent practicable with the enforceable policies of approved State management programs.” 16 U. S. C. § 1456(c)(1)(A).
That provision states in full: ‘Where emergency circumstances make it necessary to take an action with significant environmental impact without observing the provisions of these regulations, the Federal agency taking the action should consult with the Council about alternative arrangements. Agencies and the Council will limit such arrangements to actions necessary to control the immediate impacts of the emergency. Other actions remain subject to NEPA review.”
The Ninth Circuit’s discussion of the plaintiffs’ likelihood of success was limited to their NEPA claims. The court did not discuss claims under the CZMA or ESA.
The bulk of Justice Ginsburg’s dissent is devoted to the merits. For the reasons stated, we find the injunctive relief granted in this case an abuse of discretion, even if plaintiffs are correct on the underlying merits. As to the injunction, the dissent barely mentions the Navy’s in*32terests. Post, at 53. We find that those interests, and the documented risks to national security, clearly outweigh the harm on the other side of the balance.
We agree with much of Justice Breyer's analysis, post, at 36-41 (opinion concurring in part and dissenting in part), but disagree with his conclusion that the modified conditions imposed by the stay order should remain in force until the Navy completes its EIS, post, at 42-43. The Court is reviewing the District Court’s imposition of the preliminary injunction; once we conclude, as Justice Breyer does, post, at 41, that the preliminary injunction should be vacated, the stay order is no longer pertinent. A stay is a useful tool for managing the impact of injunctive relief pending further appeal, but once the Court resolves the merits of the appeal, the stay ceases to be relevant. See 518 F. 3d 704, 706 (CA9 2008) (“[T]he partial stay... shall remain in effect until final disposition by the Supreme Court”). Unexamined conditions imposed by the stay order are certainly no basis for what would be in effect the entry of a new preliminary injunction by this Court.
with whom Justice Stevens joins as to Part I, concurring in part and dissenting in part.
As of December 2006, the United States Navy planned to engage in a series of 14 antisubmarine warfare training exercises off the southern California coast. The Natural Resources Defense Council, Inc., and others (NRDC) brought this case in Federal District Court claiming that the National Environmental Policy Act of 1969 (NEPA) requires the Navy to prepare an environmental impact statement (EIS) (assessing the impact of the exercises on marine mammals) prior to its engaging in the exercise's. As the case reaches us, the District Court has found that the NRDC will likely prevail on its demand for an EIS; the Navy has agreed to prepare an EIS; the District Court has forbidden the Navy to proceed with the exercises unless it adopts six mitigating measures; and the Navy has agreed to adopt all but two of those measures.
The controversy between the parties now concerns the two measures that the Navy is unwilling to adopt. The first concerns the “shutdown zone,” a circle with a ship at the center within which the Navy must try to spot marine mammals and shut down its sonar if one is found. The controverted condition would enlarge the radius of that circle from about one-tenth of a mile (200 yards) to one and one-quarter miles (2,200 yards). The second, concerns special ocean conditions called “surface ducting conditions.” The controverted condition would require the Navy, when it encounters any such condition, to diminish the sonar’s power by 75%. The Court of Appeals affirmed the District Court order that contained these two conditions. 518 F. 3d 658, 703 (CA9 2008).
I
We must now decide whether the District Court was legally correct in forbidding the training exercises unless the Navy implemented the two controverted conditions. In *35doing so, I assume, like the Court, that the NRDC will prevail on its demand for an EIS. (Indeed, the Navy is in the process of preparing one.) And, I would ask whether, in imposing these conditions, the District Court properly “balance[d the] harms.” See, e.g., Amoco Production Co. v. Gambell, 480 U. S. 531, 545 (1987).
Respondents’ (the plaintiffs) argument favoring the District Court injunction is a strong one. As Justice Ginsburg well points out, see post, at 47-48 (dissenting opinion), the very point of NEPA’s insistence upon the writing of an EIS is to force an agency “carefully” to “consider ... detailed information concerning significant environmental impacts,” while “giv[ing] the public the assurance that the agency ‘has indeed considered- environmental concerns in its decision-making process.’” Robertson v. Methow Valley Citizens Council, 490 U. S. 332, 349 (1989). NEPA seeks to assure that when Government officials consider taking action that may affect the environment, they do so fully aware of the relevant environmental considerations. An EIS does not force them to make any particular decision, but it does lead them to take environmental considerations into account when they decide whether, or how, to act. Id., at 354. Thus, when a decision to which EIS obligations attach is made without the informed environmental consideration that NEPA requires, much of the harm that NEPA seeks to prevent has already taken place. In this case, for example, the absence of an injunction means that the Navy will proceed with its exercises in the absence of the fuller consideration of environmental effects that an EIS is intended to bring. The absence of an injunction thereby threatens to cause the very environmental harm that a full preaction EIS might have led the Navy to avoid (say, by adopting the two additional mitigation measures that the NRDC proposes). Consequently, if the exercises are to continue, conditions designed to mitigate interim environmental harm may well be appropriate.
*36On the other hand, several features of this case lead me to conclude that the record, as now before us, lacks adequate support for an injunction imposing the two controverted requirements. First, the evidence of need for the two special conditions is weak or uncertain. The record does show that the exercises as the Navy originally proposed them could harm marine mammals. The District Court found (based on the Navy’s study of the matter) that the exercises might cause 466 instances of Level A harm and 170,000 instances of Level B harm. App. to Pet. for Cert. 196a-197a. (The environmental assessment actually predicted 564 instances of Level A harm. See App. 223-224.) The study defines Level A injury as “any act that injures or has the significant potential to injure a marine mammal or marine mammal stock in the wild” through “destruction or loss of biological tissue,” whether “slight to severe.” Id., at 160. It defines Level B harm as “ ‘any act that disturbs or is likely to disturb a marine mammal... by causing disruption of natural behavioral patterns including, but not limited to, migration, surfacing, nursing, breeding, feeding, or sheltering to a point where such behaviors are abandoned or significantly altered’ ” and describes it as a “short term” and “temporary” “disturbance.” Id., at 161, 175.
The raw numbers seem large. But the parties argue about the extent to which they mean likely harm. The Navy says the classifications and estimates err on the side of caution. (When in doubt about the amount of harm to a mammal, the study assumed the harm would qualify as Level A harassment. Id., at 200.) The Navy also points out that, by definition, mammals recover from Level B injuries, often very quickly. It notes that, despite 40 years of naval exercises off the southern California coast, no injured marine mammal has ever been found. App. to Pet. for Cert. 274a-275a. (It adds that dolphins often swim alongside the ships. Id., at 290a, 346a.) At the same time, plaintiffs point to instances where whales have been found stranded. They add *37that scientific studies have found a connection between those beachings and the Navy’s use of sonar, see, e. g., App. 600-602, and the Navy has acknowledged one stranding where “U. S. Navy mid-frequency sonar has been identified as the most plausible contributory source to the stranding event,” id., at 168.
Given the uncertainty the figures create in respect to the harm caused by the Navy’s original training plans, it would seem important to have before us at least some estimate of the harm likely avoided by the Navy’s decision not to contest here four of the six mitigating conditions that the District Court ordered. Without such evidence, it is difficult to assess the relevant harm — that is, the environmental harm likely caused by the Navy’s exercises with the four uncontested mitigation-measures (but without the two contested mitigation measures) in place.
Second, the Navy has filed multiple affidavits from Navy officials explaining in detail the seriousness of the harm that the delay associated with completion of this EIS (approximately one year) would create in respect to the Navy’s ability to maintain an adequate national defense. See generally App. to Pet. for Cert. 260a-357a. Taken by themselves, those affidavits make a strong case for the proposition that insistence upon the two additional mitigating conditions would seriously interfere with necessary defense training.
The affidavits explain the importance of training in antisubmarine warfare, id., at 263a; the need to use active sonar to detect enemy submarines, id., at 266a-267a, App. 566; the complexity of a training exercise involving sonar, App. to Pet. for Cert. 343a; the need for realistic conditions when training exercises take place, id., at 299a-300a, App. 566; the “cascading” negative “effect” that delay in one important aspect of a set of coordinated training exercises has upon the Navy’s ability “to provide combat ready forces,” App. to Pet. for Cert. 343a; the cost and disruption that would accompany the adoption of the two additional mitigating conditions that *38the NRDC seeks, ibid.; the Navy’s resulting inability adequately to train personnel, id., at 278a; the effectiveness of the mammal-protecting measures that the Navy has taken in the past, id., at 285a-298a; and the reasonable likelihood that the mitigating conditions to which it has agreed will prove adequate, id., at 296a.
Third, and particularly important in my view, the District Court did not explain why it rejected the Navy’s affidavit-supported contentions. In its first opinion enjoining the use of sonar, the District Court simply stated:
“The Court is ... satisfied that the balance of hardships tips in favor of granting an injunction, as the harm to the environment, Plaintiffs, and public interest outweighs the harm that Defendants would incur if prevented from using [mid-frequency active (MFA)] sonar, absent the use of effective mitigation measures, during a subset of their regular activities in one part of one state for a limited period.” Id., at 217a-218a.
Following remand from the Court of Appeals, the District Court simply repeated, word for word, this same statement. It said:
“The Court is ... satisfied that the balance of hardships tips in favor of granting an injunction, as the harm to the environment, Plaintiffs, and public interest outweighs the harm that Defendants would incur (or the public interest would suffer) if Defendants were prevented from using MFA sonar, absent the use of effective mitigation measures, during a subset of their regular activities in one part of one state for a limited period.” 530 F. Supp. 2d 1110, 1118 (CD Cal. 2008).
With respect to the imposition of the 2,200-yard shutdown zone, the District Court noted evidence of the harm that MFA sonar poses to marine mammals, and then concluded that “[t]he Court therefore is persuaded that while the 2200 yard shutdown requirement may protect marine mammals *39from the harshest of sonar-related consequences, it represents a minimal imposition [on] the Navy’s training exercises.” Id., at 1119. The District Court did not there explain the basis for that conclusion. With respect to the imposition of the surface ducting condition, the District Court said nothing about the Navy’s interests at all. Id., at 1120-1121.
While a district court is often free simply to state its conclusion in summary fashion, in this instance neither that conclusion, nor anything else I have found in the District Court’s opinion, answers the Navy’s documented claims that the two extra conditions the District Court imposed will, in effect, seriously interfere with its ability to carry out necessary training exercises.
The first condition requires the Navy to reduce the power of its sonar equipment by 75% when the ship encounters a condition called “surface ducting” that occurs when the presence of layers of water of different temperature make it unusually difficult for sonar operators to determine whether a diesel submarine is hiding below. Rear Admiral John Bird, an expert in submarine warfare, made clear that the 75% power-reduction requirement was equivalent to forbidding any related training. App. to Pet. for Cert. 297a. But he says in paragraph 52 of his declaration: “Training in surface ducting conditions is critical to effective training because sonar operators need to learn how sonar transmissions are altered due to surface ducting and how submarines may take advantage of them.” Id., at 299a-300a. The District Court, as far as I can tell, did not even acknowledge in its opinion the Navy’s asserted interest in being able to train under these conditions. 530 F. Supp. 2d, at 1120-1121.
The second condition requires the Navy to expand the sonar “shutdown” area surrounding a ship (i e., turn off the sonar if a mammal is spotted in the area) from a circle with a radius of about one-tenth of a mile to a circle with a radius of about one mile and a quarter. Both sides agree that this *40requirement will lead to more shutdowns. Admiral Gary Roughead, Chief of Naval Operations, states in paragraph 12 of his declaration that this expanded zone requirement “will result in increased interruptions to training exercises, . . . vastly increasing] the risk of negating training effectiveness, preventing strike group certification, and disrupting carefully orchestrated deployment plans to meet world-wide operational commitments.” App. to Pet. for Cert. 344a. Again, I can find nothing in the District Court’s opinion that specifically explains why this is not so. 530 F. Supp. 2d, at 1119-1120.
Fourth, the Court of Appeals sought, through its own thorough examination of the record, to supply the missing explanations. But those explanations are not sufficient. In respect to the surface ducting conditions, the Court of Appeals rejected the Navy’s contentions on the ground that those conditions are “rar[e],” and the Navy has certified trainings that did not involve any encounter with those conditions. 518 F. 3d, at 701-702. I am not certain, however, why the rarity of the condition supports the District Court’s conclusion. Rarity argues as strongly for training when the condition is encountered as it argues for the contrary.
In respect to the expansion of the “shutdown” area, the Court of Appeals noted that (1) the Navy in earlier exercises had shut down its sonar when marine mammals were sited within about one-half a mile, (2) the Navy has used a larger shutdown area when engaged in exercises with lower frequency sonar equipment, and (3) foreign navies have used larger shutdown areas. Id., at 699-701, and nn. 63, 67. But the Navy’s affidavits state that (1) earlier shutdowns when marine mammals were spotted at farther distances “likely occurred during tactically insignificant times,” App. to Pet. for Cert. 356a, (2) ships with low frequency sonar (unlike the sonar here at issue) have equipment that makes it easier to monitor the larger area, particularly by significantly reducing the number of monitoring personnel necessarily involved, and (3) foreign navy experience is not relevant given the *41potentially different military demands upon those navies, App. 508-509.
Finally, the Court of Appeals, mirroring a similar District Court suggestion in the language I have quoted, says that “the exercises in southern California are only a subset of the Navy’s training activities involving active sonar.” 518 F. 3d, at 702. It adds that the Navy’s study “shows the Navy is still able to conduct its exercises in alternative locations, in reduced number, or through simulation.” Ibid., n. 69. The Court of Appeals, however, also concluded that the study “provides reasonably detailed justifications for why the Southern California Operating Area is uniquely suited to these exercises, and demonstrates that the Navy would suffer a certain hardship if the considered alternatives were employed instead.” Ibid.
Fifth, when the Court of Appeals first heard this case following the District Court’s imposition of a broad, absolute injunction, it held that any injunction must be crafted so that the Navy could continue its training exercises. Noting that the Navy had, in the past, been able to use mitigation measures to “reduce the harmful effects of its active sonar,” it “vacate[d] the stay and remand[ed] this matter to the district court to narrow its injunction so as to provide mitigation conditions under which the Navy may conduct its training exercises.” 508 F. 3d 885, 887 (CA9 2007) (emphasis added). For the reasons just stated, neither the District Court nor the Court of Appeals has explained why we should reject the Navy’s assertions that it cannot effectively conduct its training exercises under the mitigation conditions imposed by the District Court.
I would thus vacate the preliminary injunction imposed by the District Court to the extent it has been challenged by the Navy. Neither the District Court nor the Court of Appeals has adequately explained its conclusion that the balance of the equities tips in favor of plaintiffs. Nor do those parts of the record to which the parties have pointed supply the missing explanation.
*42II
Nonetheless, as the Court of Appeals held when it first considered this case, the Navy’s past use of mitigation conditions makes clear that the Navy can effectively train under some mitigation conditions. In the ordinary course, I would remand so the District Court could, pursuant to the Court of Appeals’ direction, set forth mitigation conditions that will protect the marine wildlife while also enabling the Navy to carry out its exercises. But, at this point, the Navy has informed us that this set of exercises will be complete by January, at the latest, and an EIS will likely be complete at that point, as well. Thus, by the time the District Court would have an opportunity to impose new conditions, the case could very well be moot.
In February of this year, the Court of Appeals stayed the injunction imposed by the District Court — but only pending this Court’s resolution of the case. The Court of Appeals concluded that “[i]n light of the short time before the Navy is to commence its next exercise, the importance of the Navy’s mission to provide for the national defense and the representation by the Chief of Naval Operations that the district court’s preliminary injunction in its current form will ‘unacceptably risk’ effective training and strike group certification and thereby interfere with his statutory responsibility ... to ‘organiz[e], train[], and equip[] the Navy,’” interim relief was appropriate, and the court then modified the two mitigation conditions at issue. 518 F. 3d 704, 705 (CA9 2008).
With respect to the 2,200-yard shutdown zone, it required the Navy to suspend its use of the sonar if a marine mammal is detected within 2,200 yards, except when sonar is being used at a “critical point in the exercise,” in which case the amount by which the Navy must power down is proportional to the mammal’s proximity to the sonar. Id., at 705-706 (internal quotation marks omitted). With respect to surface ducting, the Navy is only required to shut down sonar alto*43gether when a marine mammal is detected within 500 meters and the amount by which it is otherwise required to power down is again proportional to the mammal’s proximity to the sonar source. Ibid. The court believed these conditions would permit the Navy to go forward with its imminently planned exercises while at the same time minimizing the harm to marine wildlife.
In my view, the modified conditions imposed by the Court of Appeals in its February stay order reflect the best equitable conditions that can be created in the short time available before the exercises are complete and the EIS is ready. The Navy has been training under these conditions since February, so allowing them to remain in place will, in effect, maintain what has become the status quo. Therefore, I would modify the Court of Appeals’ February 29, 2008, order so that the provisional conditions it contains remain in place until the Navy’s completion of an acceptable EIS.
with whom Justice Souter joins, dissenting.
The central question in this action under the National Environmental Policy Act of 1969 (NEPA) was whether the Navy must prepare an environmental impact statement (EIS). The Navy does not challenge its obligation to do so, and it represents that the EIS will be complete in January 2009 — one month after the instant exercises conclude. If the Navy had completed the EIS before taking action, as NEPA instructs, the parties and the public could have benefited from the environmental analysis — and the Navy’s training could have proceeded without interruption. Instead, the Navy acted first, and thus thwarted the very purpose an EIS is intended to serve. To justify its course, the Navy sought dispensation not from Congress, but from an executive council that lacks authority to countermand or revise NEPA’s requirements. I would hold that, in imposing manageable measures to mitigate harm until completion of the *44EIS, the District Court conscientiously balanced the equities and did not abuse its discretion.
I
In December 2006, the Navy announced its intent to prepare an EIS to address the potential environmental effects of its naval readiness activities in the Southern California (SOCAL) Range Complex. See 71 Fed. Reg. 76639 (2006). These readiness activities include expansion and intensification of naval training, as well as research, development, and testing of various systems and weapons. Id., at 76639, 76640. The EIS process is underway, and the Navy represents that it will be complete in January 2009. Brief for Petitioners 11; Tr. of Oral Arg. 11.
In February 2007, seeking to commence training before completion of the EIS, the Navy prepared an environmental assessment (EA) for the 14 exercises it planned to undertake in the interim. See App. to Pet. for Cert. 235a.1 On February 12, the Navy concluded the EA with a finding of no significant impact. App. 225-226. The same day, the Navy commenced its training exercises. Id., at 227 (“The Proposed Action is hereby implemented.”).
On March 22, 2007, the Natural Resources Defense Council, Inc. (NRDC), filed suit in the U. S. District Court for the Central District of California, seeking declaratory and injunctive relief based on the Navy’s alleged violations of NEPA and other environmental statutes. As relevant here, the District Court determined that NRDC was likely to succeed on its NEPA claim and that equitable principles warranted preliminary relief. On August 7, 2007, the court *45enjoined the Navy’s use of mid-frequency active (MFA) sonar during the 11 remaining exercises at issue.
On August 31, the Court of Appeals for the Ninth Circuit stayed the injunction pending disposition of the Navy’s appeal, and the Navy proceeded with two more exercises. In a November 13 order, the Court of Appeals vacated the stay, stating that NRDC had shown “a strong likelihood of success on the merits” and that preliminary injunctive relief was appropriate. 508 F. 3d 885, 886 (2007). The Court of Appeals remanded, however, instructing the District Court to provide mitigation measures under which the Navy could conduct its remaining exercises.
On remand, the District Court received briefing from both parties. In addition, the court “toured the USS Milius at the naval base in San Diego, California, to improve its understanding of the Navy’s sonar training procedures and the feasibility of the parties’ proposed mitigation measures. Counsel for both [parties] were present.” 530 F. Supp. 2d 1110, 1112 (2008). On January 3, 2008, the District Court entered a modified preliminary injunction imposing six mitigation measures. The court revised the modified injunction slightly on January 10 in response to filings by the Navy, and four days later, denied the Navy’s application for a stay pending appeal.
On the following day, January 15, the Council on Environmental Quality (CEQ), an advisory body within the Executive Office of the President, responded to the Navy’s request for “alternative arrangements” for NEPA compliance. App. to Pet. for Cert. 233a. The “arrangements” CEQ set out purported to permit the Navy to continue its training without timely environmental review. Id., at 241a-247a. The Navy accepted the arrangements on the same day. App. 228.
The Navy then filed an emergency motion in the Court of Appeals requesting immediate vacatur of the District Court’s modified injunction. CEQ’s action, the Navy urged, *46eliminated the injunction’s legal foundation. In the alternative, the Navy sought a stay of two aspects of the injunction pending its appeal: the 2,200-yard mandatory shutdown zone and the power-down requirement in significant surface ducting conditions, see ante, at 17-18 (opinion of the Court). While targeting in its stay application only two of the six measures imposed by the District Court, the Navy explicitly reserved the right to challenge on appeal each of the six mitigation measures. Responding to the Navy’s emergency motion, the Court of Appeals remanded the matter to allow the District Court to determine in the first instance the effect of the intervening executive action. Pending its own consideration of the Navy’s motion, the District Court stayed the injunction, and the Navy conducted its sixth exercise.
On February 4, after briefing and oral argument, the District Court denied the Navy’s motion. The Navy appealed, reiterating its position that CEQ’s action eliminated all justification for the injunction. The Navy also argued that vacatur of the entire injunction was required irrespective of CEQ’s action, in part because the “conditions imposed, in particular the 2,200 yard mandatory shutdown zone and the six decibel (75%) power-down in significant surface ducting conditions, severely degrade the Navy’s training.” Brief for Appellants in No. 08-55054 (CA9), p. 15. In the February 29 decision now under review, the Court of Appeals affirmed the District Court’s judgment. 518 F. 3d 658, 703 (2008). The Navy has continued training in the meantime and plans to complete its final exercise in December 2008.
As the procedural history indicates, the courts below determined that an EIS was required for the 14 exercises. The Navy does not challenge that decision in this Court. Instead, the Navy defends its failure to complete an EIS before launching the exercises based upon CEQ’s “alternative arrangements” — arrangements the Navy sought and obtained in order to overcome the lower courts’ rulings. As *47explained below, the Navy’s actions undermined NEPA and took an extraordinary course.
II
NEPA “promotes its sweeping commitment” to environmental integrity “by focusing Government and public attention on the environmental effects of proposed agency action.” Marsh v. Oregon Natural Resources Council, 490 U. S. 360, 371 (1989). “By so focusing agency attention, NEPA ensures that the agency will not act on incomplete information, only to regret its decision after it is too late to correct.” Ibid.
The EIS is NEPA’s core requirement. Department of Transportation v. Public Citizen, 541 U. S. 752, 757 (2004). This Court has characterized the requirement as “action-forcing.” Andrus v. Sierra Club, 442 U. S. 347, 350 (1979) (internal quotation marks omitted). Environmental concerns must be “integrated into the very process of agency decisionmaking” and “interwoven into the fabric of agency planning.” Id., at 350-351. In addition to discussing potential consequences, an EIS must describe potential mitigation measures and alternatives to the proposed course of action. See Robertson v. Methow Valley Citizens Council, 490 U. S. 332, 351-352 (1989) (citing 40 CFR §§ 1508.25(b), 1502.14(f), 1502.16(h), 1505.2(c) (1987)). The EIS requirement “ensures that important effects will not be overlooked or underestimated only to be discovered after resources have been committed or the die otherwise cast.” 490 U. S., at 349.
“Publication of an EIS . . . also serves a larger informational role.” Ibid. It demonstrates that an agency has indeed considered environmental concerns, and “perhaps more significantly, provides a springboard for public comment.” Ibid. At the same time, it affords other affected governmental bodies “notice of the expected consequences and the opportunity to plan and implement corrective measures in a timely manner.” Id., at 350.
*48In light of these objectives, the timing of an EIS is critical. CEQ regulations instruct agencies to “integrate the NEPA process with other planning at the earliest possible time to insure that planning and decisions reflect environmental values.” 40 CFR § 1501.2 (1987). An EIS must be prepared “early enough so that it can serve practically as an important contribution to the decisionmaking process and will not be used to rationalize or justify decisions already made.” Andrus, 442 U. S., at 351-352, n. 3 (quoting 43 Fed. Reg. 55995 (1978) (codified in 40 CFR § 1502.5 (1979))).
The Navy’s publication of its EIS in this case, scheduled to occur after the 14 exercises are completed, defeats NEPA’s informational and participatory purposes. The Navy’s inverted timing, it bears emphasis, is the very reason why the District Court had to confront the question of mitigation measures at all. Had the Navy prepared a legally sufficient EIS before beginning the SOCAL exercises, NEPA would have functioned as its drafters intended: The EIS process and associated public input might have convinced the Navy voluntarily to adopt mitigation measures, but NEPA itself would not have impeded the Navy’s exercises. See Public Citizen, 541 U. S., at 756, 769, n. 2 (noting that NEPA does not mandate particular results, but rather establishes procedural requirements with a “focus on improving agency decisionmaking”).
The Navy had other options. Most importantly, it could have requested assistance from Congress. The Government has sometimes obtained congressional authorization to proceed with planned activities without fulfilling NEPA’s requirements. See, e.g., Floyd D. Spence National Defense Authorization Act for Fiscal Year 2001, Pub. L. 106-398, §317, 114 Stat. 1654A-57 (exempting the military from preparing a programmatic EIS for low-level flight training); 42 U. S. C. § 10141(c) (2000 ed.) (exempting the Environmental Protection Agency from preparing an EIS for the development of criteria for handling spent nuclear fuel and high-*49level radioactive waste); 43 U. S. C. § 1652(d) (exempting construction of the trans-Alaska oil pipeline from further NEPA compliance).
Rather than resorting to Congress, the Navy “sought relief from the Executive Branch.” Ante, at 18 (opinion of the Court). On January 10, 2008, the Navy asked CEQ, adviser to the President, to approve alternative arrangements for NEPA compliance pursuant to 40 CFR §1506.11 (1987). App. to Pet. for Cert. 233a; see ante, at 18, n. 3. The next day, the Navy submitted supplementary material to CEQ, including the Navy’s EA and after-action reports, the District Court’s orders, and two analyses by the National Marine Fisheries Service (NMFS). App. to Pet. for Cert. 237a-238a. Neither the Navy nor CEQ notified NRDC, and CEQ did not request or consider any of the materials underlying the District Court orders it addressed.
Four days later, on January 15, the Chairman of CEQ issued a letter to the Secretary of the Navy. Repeating the Navy’s submissions with little independent analysis, the letter stated that the District Court’s orders posed risks to the Navy’s training exercises. See id., at 238a (“You have explained that the training restrictions set forth in the . . . injunctive orders prevent the Navy from providing Strike Groups with adequate proficiency training and create a substantial risk of precluding certification of the Strike Groups as combat ready.”).
The letter continued:
“Discussions between our staffs, your letter and supporting documents, and the classified declaration and briefings I have received, have clearly determined that the Navy cannot ensure the necessary training to certify strike groups for deployment under the terms of the injunctive orders. Based on the record supporting your request . . . CEQ has concluded that the Navy must be able to conduct the [exercises] ... in a timeframe that does not provide sufficient .time to complete an EIS. *50Therefore, emergency circumstances are present for the nine exercises and alternative arrangements for compliance with NEPA under CEQ regulation 40 C. F. R. § 1506.11 are warranted.” Id., at 240a.
The alternative arrangements CEQ set forth do not vindicate NEPA’s objectives. The arrangements provide for “public participation measures,” which require the Navy to provide notices of the alternative arrangements. Id., at 241a, 242a. The notices must “seek input on the process for reviewing post-exercise assessments” and “include an offer to meet jointly with Navy representatives . . . and CEQ to discuss the alternative arrangements.” Id., at 242a-243a. The alternative arrangements also describe the Navy’s existing research and mitigation efforts. Id., at 243a-247a.
CEQ’s hasty decision on a one-sided record is no substitute for the District Court’s considered judgment based on a two-sided record.2 More fundamentally, even an exemplary CEQ review could not have effected the short circuit the Navy sought. CEQ lacks authority to absolve an agency of its statutory duty to prepare an EIS. NEPA established CEQ to assist and advise the President on environmental policy, 42 U. S. C. § 4342, and a 1977 Executive Order charged CEQ with issuing regulations to federal agencies for implementation of NEPA’s procedural provisions, Exec. Order No. 11991, 3 CFR 123 (1977 Comp.). This Court has recognized that CEQ’s regulations are entitled to “substantial deference,” Robertson, 490 U. S., at 355, and 40 CFR § 1506.11 indicates that CEQ may play an important consultative role in emergency circumstances, but we have never suggested that CEQ could eliminate the statute’s command. If the *51Navy sought to avoid its NEPA obligations, its remedy lay in the Legislative Branch. The Navy’s alternative course— rapid, self-serving resort to an office in the White House — is surely not what Congress had in mind when it instructed agencies to comply with NEPA “to the fullest extent possible.” 42U.S.C. §4332.3
Ill
A
Flexibility is a hallmark of equity jurisdiction. “The essence of equity jurisdiction has been the power of the Chancellor to do equity and to mould each decree to the necessities of the particular case. Flexibility rather than rigidity has distinguished it.” Weinberger v. Romero-Barcelo, 456 U. S. 305, 312 (1982) (quoting Hecht Co. v. Bowles, 321 U. S. 321, 329 (1944)). Consistent with equity’s character, courts do not insist that litigants uniformly show a particular, predetermined quantum of probable success or injury before awarding equitable relief. Instead, courts have evaluated claims for equitable relief on a “sliding scale,” sometimes awarding relief based on a lower likelihood of harm when the likelihood of success is very high. 11A C. Wright, A. Miller, & M. Kane, Federal Practice and Procedure § 2948.3, p. 195 (2d ed. 1995). This Court has never rejected that formulation, and I do not believe it does so today.
Equity’s flexibility is important in the NEPA context. Because an EIS is the tool for uncovering environmental harm, environmental plaintiffs may often rely more heavily on their probability of success than the likelihood of harm. The Court is correct that relief is not warranted “simply to prevent the possibility of some remote future injury.” Ante, *52at 22 (quoting Wright & Miller, supra, §2948.1, at 155). “However, the injury need not have been inflicted when application is made or be certain to occur; a strong threat of irreparable injury before trial is an adequate basis.” Wright & Miller, supra, §2948.1, at 155-156 (footnote omitted). I agree with the District Court that NRDC made the required showing here.
B
The Navy’s own EA predicted substantial and irreparable harm to marine mammals. Sonar is linked to mass standings of marine mammals, hemorrhaging around the brain and ears, acute spongiotic changes in the central nervous system, and lesions in vital organs. E. g., App. 600-602; id., at 360-362, 478-479. As the Ninth Circuit noted, the EA predicts that the Navy’s “use of MFA sonar in the SOCAL exercises will result in 564 instances of physical injury including permanent hearing loss (Level A harassment) and nearly 170,000 behavioral disturbances (Level B harassment), more than 8,000 of which would also involve temporary hearing loss.” 518 F. 3d, at 696; see App. 223-224. Within those totals,
“the EA predicts 436 Level A harassments of Cuvier’s beaked whales. According to [the National Oceanic and Atmospheric Administration (NOAA)], as few as 1,121 . . . may exist in California, Oregon and Washington combined. Likewise, the EA predicts 1,092 Level B harassments of bottlenose dolphins, of which only 5,271 may exist in the California Coastal and Offshore stocks.” 518 F. 3d, at 691-692.
The majority acknowledges the lower courts’ findings, ante, at 19, but also states that the EA predicted “only eight Level A harassments of common dolphins each year” and “274 Level B harassments of beaked whales per year, none of which would result in permanent injury,” ante, at 16. Those numbers do not fully capture the EA’s predictions.
*53The EA classified the harassments of beaked whales as Level A, not Level B. The EA does indeed state that “modeling predicts non-injurious Level B exposures.” App. 185. But, as the majority correctly notes, ante, at 16, the EA also states that “all beaked whale exposures are counted as Level A,” App. 185. The EA counted the predicted exposures as Level A “[b]y Navy policy developed in conjunction with NMFS.” Id., at 200. The record reflects “the known sensitivity of these species to tactical sonar,” id., at 365 (NO A A letter), and as the majority acknowledges, beaked whales are difficult to study, ante, at 16. Further, as the Ninth Circuit noted, “the EA . . . maintained that the methodology used was based on the ‘best available science.’” 518 F. 3d, at 669.4
In my view, this likely harm — 170,000 behavioral disturbances, including 8,000 instances of temporary hearing loss; and 564 Level A harms, including 436 injuries to a beaked whale population numbering only 1,121 — cannot be lightly dismissed, even in the face of an alleged risk to the effectiveness of the Navy’s 14 training exercises. There is no doubt that the training exercises serve critical interests. But those interests do not authorize the Navy to violate a statutory command, especially when recourse to the Legislature remains open. “Of course, military interests do not always trump other considerations, and we have not held that they do.” Ante, at 26.
In light of the likely, substantial harm to the environment, NRDC’s almost inevitable success on the merits of its claim *54that NEPA required the Navy to prepare an EIS, the history of this litigation, and the public interest, I cannot agree that the mitigation measures the District Court imposed signal an abuse of discretion. Cf. Amoco Production Co. v. Gambell, 480 U. S. 531, 545 (1987) (“Environmental injury, by its nature, can seldom be adequately remedied by money damages and is often permanent or at least of long duration, i. e., irreparable. If such injury is sufficiently likely, therefore, the balance of harms will usually favor the issuance of an injunction to protect the environment.”).
For the reasons stated, I would affirm the judgment of the Ninth Circuit.
An EA is used “for determining whether to prepare” an EIS. Department of Transportation v. Public Citizen, 541 U. S. 752, 757 (2004) (quoting 40 CFR § 1508.9(a) (2003)); see ante, at 15-16 (opinion of the Court). By definition, an EA alone does not satisfy an agency’s obligation under NEPA if the effects of a proposed action require preparation of a full EIS.
The District Court may well have given too spare an explanation for the balance of hardships in issuing its injunction of August 7, 2007. The court cured any error in this regard, however, when it closely examined each mitigation measure in issuing the modified injunction of January 3, 2008. The Court of Appeals, too, conducted a detailed analysis of the record.
On the same day that CEQ issued its letter, the President granted the Navy an exemption from the requirements of the Coastal Zone Management Act of 1972 (CZMA) pursuant to 16 U. S. C. § 1456(c)(1)(B) (2006 ed.). That exemption, expressly authorized by the CZMA, does not affect NRDC’s NEPA claim.
The majority reasons that the environmental harm deserves less weight because the training exercises “have been taking place in SOCAL for the last 40 years,” such that “this is not a ease in which the defendant is conducting a new type of activity with completely unknown effects on the environment.” Ante, at 23. But the EA explains that the proposed action is not a continuation of the “status quo training.” App. 128. Instead, the EA is based on the Navy’s proposal to employ a “surge” training strategy, ibid., in which the commander “would have the option to conduct two concurrent major range events,” id., at 124.
2.3 Salinger v. Colting 2.3 Salinger v. Colting
607 F.3d 68
Colleen M. SALINGER and Matthew R. Salinger, as Trustees of the J.D. Salinger Literary Trust, Plaintiffs-Appellees,
v.
Fredrik COLTING, writing under the name John David California, Windupbird Publishing Ltd., Nicotext A.B., and ABP, Inc., doing business as SCB Distributors, Inc, Defendants-Appellants.
Docket No. 09-2878-cv.
United States Court of Appeals, Second Circuit.
Argued: Sept. 3, 2009.
Decided: April 30, 2010.
[70] Marcia Beth Paul, Davis Wright Tremaine LLP, New York, NY, for Plaintiffs-Appellees.
Edward H. Rosenthal (Maura J. Wogan, Jessie F. Beeber, Cameron A. Myler, Marisa Sarig, on the brief), Frankfurt Kurnit Klein & Selz P.C., New York, NY, for Defendants-Appellants.
David E. Kendall, Thomas G. Hentoff, Kannon K. Shanmugam, Hannah M. Stott-Bumsted, Scott K. Dasovich, Williams & Connolly LLP, Washington, DC, for Amicus Curiae Motion Picture Association of America, Inc. in support of Plaintiffs-Appellees.
Anthony T. Falzone, Julie A. Ahrens, Sarah H. Pearson, Stanford Law School, Center for Internet & Society, Stanford, CA; Rebecca Tushnet, Georgetown University Law Center, Washington, DC; Jennifer M. Urban, Samuelson Law, Technology & Public Policy Clinic, University of California, Berkeley, School of Law, Berkeley, CA, for Amici Curiae American Library Association, Association of Research Libraries, Association of College and Research Libraries, The Organization for Transformative Works and the Right to Write Fund in support of Defendants-Appellants.
George Freeman, Itai Maytal, The New York Times Company, Legal Department, New York, NY, (Barbara W. Wall, Gannett Co., Inc., McLean, VA; Karen Flax, Tribune Company, Chicago, IL, of counsel), for Amici Curiae The New York Times Company, Gannett Co., Inc., and Tribune Company in support of Defendants-Appellants.
Deepak Gupta, Gregory A. Beck, Public Citizen Litigation Group, Washington, DC; Dan Hunter, New York Law School, New York, NY, for Amicus Curiae Public Citizen, Inc.
Before: CALABRESI, CABRANES, HALL, Circuit Judges.
CALABRESI, Circuit Judge:
Defendants-Appellants Fredrik Colting, Windupbird Publishing Ltd., Nicotext A.B., and ABP, Inc. appeal from an order of the United States District Court for the Southern District of New York (Deborah A. Batts, Judge) granting Plaintiff-Appellee J.D. Salinger's[1] motion for a preliminary injunction. The District Court's judgment is VACATED and REMANDED.
BACKGROUND
I.
Salinger published The Catcher in the Rye (hereinafter “Catcher”) in 1951. Catcher is a coming-of-age story about a disaffected sixteen-year-old boy, Holden Caulfield, who after being expelled from [71] prep school wanders around New York City for several days before returning home. The story is told from Holden's perspective and in his “own strange, wonderful, language.” Nash Burger, Books of the Times, N.Y. Times, July 16, 1951. Holden's adventures highlight the contrast between his cynical portrait of a world full of “phonies” and “crooks” and his love of family, particularly his younger sister Phoebe and his deceased younger brother Allie, along with his developing romantic interest in a childhood friend, Jane Gallagher. While his affection for these individuals pushes him throughout the novel toward human contact, his disillusionment with humanity inclines him toward removing himself from society and living out his days as a recluse. He ultimately abandons his decision to live as recluse when Phoebe insists on accompanying him on his self-imposed exile.
Catcher was an instant success. It was on the New York Times best-seller list for over seven months and sold more than one million copies in its first ten years. Polly Morrice, Descended from Salinger, N.Y. Times, March 23, 2008. To date it has sold over 35 million copies, Westberg Aff. ¶ 2, influenced dozens of literary works, and been the subject of “literally reams of criticism and comment,” Appellees' Br. 5. Literary critic Louis Menand has identified Catcher “rewrites” as a “literary genre all its own.”[2] Holden at Fifty: “The Catcher in the Rye” and What It Spawned, The New Yorker, Oct. 1, 2001. The Holden character in particular has become a cultural icon of “adolescent alienation and rebellion,” Appellants' Br. 7, a “moral genius” “who refuses to be socialized.” Menand, Holden at Fifty, supra.
Inseparable from the Catcher mystique is the lifestyle of its author, Salinger.[3] Shortly after publishing Catcher, Salinger did what Holden did not do: he removed himself from society. Salinger has not published since 1965 and has never authorized any new narrative involving Holden or any work derivative of Catcher. Westberg Aff. ¶¶ 15, 16. Other than a 1949 film adaptation of one of his early short stories, Salinger has never permitted, and has explicitly instructed his lawyers not to allow, adaptations of his works. Id. ¶ 16. He has, however, remained in the public spotlight through a series of legal actions to protect his intellectual property. Id. ¶ 19. Salinger has registered and duly renewed his copyright in Catcher with the U.S. Copyright Office.
II.
Defendant-Appellant Fredrik Colting wrote 60 Years Later: Coming Through the Rye (hereinafter “ 60 Years Later”) under the pen name “John David California.” Colting published 60 Years Later with his own publishing company, Defendant-Appellant Windupbird Publishing, Ltd., in England on May 9, 2009. Copies were originally scheduled to be available in the United States on September 15, 2009. Westberg Aff. ¶ 2. Colting did not seek Salinger's permission to publish 60 Years Later. Id. ¶ 3.
60 Years Later tells the story of a 76-year-old Holden Caulfield, referred to as “Mr. C,” in a world that includes Mr. C's 90-year-old author, a “fictionalized Salinger.”[72][4] The novel's premise is that Salinger has been haunted by his creation and now wishes to bring him back to life in order to kill him. Unsurprisingly, this task is easier said than done. As the story progresses, Mr. C becomes increasingly self-aware and able to act in ways contrary to the will of Salinger. After a series of misadventures, Mr. C travels to Cornish, New Hampshire, where he meets Salinger in his home. Salinger finds he is unable to kill Mr. C and instead decides to set him free. The novel concludes with Mr. C reuniting with his younger sister, Phoebe, and an estranged son, Daniel.
In bringing this suit, Salinger underscores the extensive similarities between 60 Years Later and Catcher. First, Mr. C is Holden Caulfield. Mr. C narrates like Holden, references events that happened to Holden, and shares many of Holden's notable eccentricities. Appellees' Br. 8. Also, Mr. C's adventures parallel those of Holden. Both characters leave an institution, wander around New York City for several days, reconnect with old friends, find happiness with Phoebe, and ultimately return to a different institution. Finally, within these broader structural similarities, the novels contain similar scenes, such as a climactic carousel scene. Id. 9-10.
Salinger also cites Defendants' efforts to market 60 Years Later as a sequel to Catcher. The back cover of the United Kingdom edition describes the novel as “a marvelous sequel to one of our most beloved classics.” Westberg Aff. ¶ 32. In a 2009 interview in the Guardian, Colting describes 60 Years Later as “[j]ust like the first novel.... He's still Holden Caulfield, and has a particular view on things.” Alison Flood, Catcher in the Rye Sequel Published, but Not by Salinger, Guardian, May 14, 2009.
Colting responds that 60 Years Later is not, and was never intended to be, a sequel to Catcher. Rather, Colting claims that it is a “critical examination of the character Holden and the way he is portrayed in [ Catcher], the relationship between Salinger and his iconic creation, and the life of a particular author as he grows old but remains imprisoned by the literary character he created.” Appellants' Br. 9-10. In support of this claim, Colting first emphasizes that a main character in 60 Years Later-Salinger himself, who narrates portions of the novel-does not appear in Catcher. Next, he explains how the Mr. C character evolves from a two-dimensional and absurd version of a sixteen-year-old Holden into a real person with a rich life completely apart from Catcher. Finally, he relies upon the declarations of two literary experts. Martha Woodmansee, a professor of English and law at Case Western Reserve University, described 60 Years Later as a “work of meta-commentary” that “pursues critical reflection on J.D. Salinger and his masterpiece [ Catcher] just as do the articles that literary scholars conventionally write and publish in scholarly journals, but it casts its commentary in an innovative ‘post modern’ form, specifically, that of a novel.” Woodmansee Decl. ¶ 9. Robert Spoo, a professor at the University of Tulsa College of Law, found 60 Years Later to be a “sustained commentary on and critique of Catcher, revisiting and analyzing the attitudes and assumptions of the teenaged Holden Caulfield. In this respect, [ 60 Years Later] is similar to a work of literary criticism.” Spoo Decl. ¶ 7.
[73] III.
On July 1, 2009, the District Court granted Salinger's motion for a preliminary injunction, barring Defendants from “manufacturing, publishing, distributing, shipping, advertising, promoting, selling, or otherwise disseminating any copy of [60 Years Later], or any portion thereof, in or to the United States.” Salinger v. Colting, 641 F.Supp.2d 250, 269 (S.D.N.Y.2009). In doing so, it found that (1) Salinger has a valid copyright in Catcher and the Holden Caulfield character, (2) absent a successful fair use defense, Defendants have infringed Salinger's copyright in both Catcher and the Holden Caulfield character, (3) Defendants' fair use defense is likely to fail, and (4) a preliminary injunction should issue.
The District Court disposed of the first two issues in its decision's introduction. Defendants did not contest that Salinger has a valid copyright in Catcher. And regarding the Holden character, the Court stated that the character is “sufficiently delineated so that a claim for infringement will lie.” Id. at 254. The Court elaborated on this finding in a June 17, 2009 hearing:
Holden Caulfield is quite delineated by word. It is a portrait by words. It is something that is obviously seen to be of value since the effort is made [by defendants] to recall everything that the character in the book does.... It is difficult, in fact, to separate Holden Caulfield from the book
Special App. 8 (Hr'g Tr. 24). Having found a valid copyright in both Catcher and the Holden character, the Court concluded that “there is substantial similarity between Catcher and [ 60 Years Later], as well as between the character Holden Caulfield from Catcher, and the character Mr. C from [ 60 Years Later], such that it was an unauthorized infringement of Plaintiff's copyright.” Salinger,641 F.Supp.2d at 254.
The District Court next concluded that Defendants' fair use defense is likely to fail and that therefore Salinger has established a prima facie case of copyright infringement. In its consideration of the four statutory factors, the Court found that not one supports Defendants' claim of fair use. Id. at 255.
Regarding the first factor, the “purpose and character of the use,” 17 U.S.C. § 107(1), the Court held that 60 Years Later is not sufficiently “transformative” of Catcher, the Holden character, or Salinger, id. at 256 (quoting Campbell v. Acuff-Rose Music, Inc., 510 U.S. 569, 579, 114 S.Ct. 1164, 127 L.Ed.2d 500 (1994)). One recognized form of transformative value, the Court noted, is parody, which requires a “reasonably discernable rejoinder or specific criticism of any character or theme.” Id. at 258. The Court found that 60 Years Later does not parody Catcher or the Holden character, and although it might parody Salinger, that is insufficient because according to the Supreme Court's decision in Campbell, 510 U.S. at 580, 114 S.Ct. 1164, parody must critique or comment on the work itself, Salinger, 641 F.Supp.2d at 256-57.
The District Court similarly concluded that 60 Years Later does not have sufficient nonparodic transformative value. Although 60 Years Later's comment on Salinger himself “has some transformative value,” id. at 262, the Court found that it is insufficient to render the work as a whole transformative for three reasons. First, according to Colting's public statements, his purpose for writing 60 Years Later was not to comment on Salinger but to write a Catcher sequel. Id. at 259-60 & n. 3 Second, Salinger is a “minor or supporting character” in 60 Years Later. Id. at 262. And third, the ratio of borrowed [74] to transformative elements in Catcher is too high to render the entire work transformative. Id. at 262-63. Finally, the Court observed that 60 Years Later's commercial nature further cuts against Defendants on the “purpose and character of the use” factor. Id. at 263.
Addressing the second and third factors, see 17 U.S.C. § 107(2)-(3), the District Court held with respect to the “nature of the copyrighted work” that Catcher is a “‘creative expression for public dissemination [that] falls within the core of the copyright's protective purposes.’” Id. at 263 (quoting Campbell, 510 U.S. at 586, 114 S.Ct. 1164). It then found as to “the amount and substantiality of the portion used in relation to the copyrighted work as a whole” that Colting took “well more from Catcher, in both substance and style, than is necessary for the alleged transformative purpose of criticizing Salinger and his attitudes and behavior.” Id.
The District Court went on to conclude that the fourth factor, “the effect of the use upon the potential market for or value of the copyrighted work,” 17 U.S.C. § 107(4), weighs “slightly” in Salinger's favor, Salinger, 641 F.Supp.2d at 267-68. The Court acknowledged that 60 Years Later is unlikely to impact the sales of Catcher itself, but it found that an unauthorized sequel might undermine the potential market for an authorized Catcher sequel, whether through loss of the novelty of a sequel or through confusion as to which of the sequels is the authorized one. Although the Court recognized that Salinger has publicly disclaimed any intention of authorizing a sequel, the Court noted that Salinger has the right to change his mind and, even if he has no intention of changing his mind, there is value in the right not to authorize derivative works. Id.
Having made this determination, the District Court turned to whether a preliminary injunction should issue. According to the Court:
Under Rule 65, to obtain a preliminary injunction a party must demonstrate: (1) that it will be irreparably harmed if an injunction is not granted, and (2) either (a) a likelihood of success on the merits or (b) sufficiently serious questions going to the merits to make them a fair ground for litigation, and a balance of hardships tipping decidedly in its favor.
Id. at 254 (quotation marks and alterations omitted). Given its findings, the Court deemed the only remaining question to be whether Salinger had shown that he would be irreparably harmed if an injunction was not granted. Because Salinger had established a prima facie case of copyright infringement, and in light of how the District Court, understandably, viewed this Court's precedents, the District Court presumed irreparable harm without discussion. Id. at 268 (citing ABKCO Music, Inc. v. Stellar Records, Inc.,96 F.3d 60, 66 (2d Cir.1996)). In a footnote, the Court stated:
Although Defendants contend that eBay, Inc. v. MercExchange, 547 U.S. 388, 126 S.Ct. 1837, 164 L.Ed.2d 641 (2006), undermines the validity of this presumption, that case dealt only with the presumption of irreparable harm in the patent law context, and thus is not controlling in the absence of Second Circuit precedent applying it in the copyright context.
Id.at 268 n. 6.
DISCUSSION
We hold that, although the District Court applied our Circuit's longstanding standard for preliminary injunctions in copyright cases, our Circuit's standard is inconsistent with the “test historically employed [75] by courts of equity” and has, therefore, been abrogated by eBay, Inc. v. MercExchange, L.L.C., 547 U.S. 388, 390, 126 S.Ct. 1837, 164 L.Ed.2d 641 (2006).
I.
The Copyright Act of 1976 authorizes courts to “grant temporary and final injunctions on such terms as [they] may deem reasonable to prevent or restrain infringement of a copyright.” 17 U.S.C. § 502(a). And, as the District Court stated, this Court has long issued preliminary injunctions in copyright cases upon a finding of (a) irreparable harm and (b) either (1) likelihood of success on the merits or (2) sufficiently serious questions going to the merits to make them a fair ground for litigation and a balance of hardships tipping decidedly toward the party requesting the preliminary relief. See, e.g., NXIVM Corp. v. Ross Inst., 364 F.3d 471, 476 (2d Cir.2004); ABKCO Music, Inc. v. Stellar Records, Inc., 96 F.3d 60, 64 (2d Cir.1996); Video Trip Corp. v. Lightning Video, Inc., 866 F.2d 50, 52 (2d Cir.1989); Wainwright Sec., Inc. v. Wall St. Transcript Corp., 558 F.2d 91, 94 (2d Cir.1977).[5]
Thus, once a plaintiff establishes a likelihood of success on the merits, the only additional requirement is a showing that the plaintiff will be irreparably harmed if the preliminary injunction does not issue. And traditionally, this Court has presumed that a plaintiff likely to prevail on the merits of a copyright claim is also likely to suffer irreparable harm if an injunction does not issue. See, e.g., Richard Feiner & Co., Inc. v. Turner Entm't Co., 98 F.3d 33, 34 (2d Cir.1996); ABKCO Music, 96 F.3d at 64; Hasbro Bradley, Inc. v. Sparkle Toys, Inc., 780 F.2d 189, 192 (2d Cir.1985).
This Court has applied this presumption in several ways. Some decisions have interpreted the presumption to mean that a plaintiff likely to prevail on the merits does not need to make a detailed showing of irreparable harm. See, e.g., Wainwright, 558 F.2d at 94 (“In copyright cases, ... if probable success-a prima facie case of copyright infringement-can be shown, the allegations of irreparable injury need not be very detailed, because such injury can normally be presumed when a copyright is infringed.”); Robert Stigwood Group Ltd. v. Sperber, 457 F.2d 50, 55 (2d Cir.1972); Am. Metro. Enters. of N.Y. v. Warner Bros. Records, Inc., 389 F.2d 903, 905 (2d Cir.1968); Rushton v. Vitale, 218 F.2d 434, 436 (2d Cir.1955). Other cases have discussed the presumption as though it applies automatically and is irrebuttable. See, e.g., Rice v. Am. Program Bureau, 446 F.2d 685, 688 (2d Cir.1971) (“It is likewise well settled that when a prima facie case is made out a preliminary injunction should issue without the showing of irreparable injury....”); Am.Code Co. v. Bensinger, 282 F. 829, 834 (2d Cir.1922) (“In cases of infringement of copyright, an injunction has always been recognized as a proper remedy, because of the inadequacy of the legal remedy.”). A few decisions, by contrast, have found the presumption rebuttable where the plaintiff delayed in bringing the action seeking an injunction. See Richard Feiner, 98 F.3d at 34; Fisher-Price, Inc. v. Well-Made Toy Mfg. Corp., 25 F.3d 119, 124 (2d Cir.1994); [76] Bourne Co. v. Tower Records, Inc., 976 F.2d 99, 101 (2d Cir.1992).
Under any of these articulations, however, this Court has nearly always issued injunctions in copyright cases as a matter of course upon a finding of likelihood of success on the merits. Cf. Mark A. Lemley & Eugene Volokh, Freedom of Speech and Injunctions in Intellectual Property Cases, 48 Duke L.J. 147, 159 (1998) (“The ostensibly four-factor test collapses ... to a simple inquiry into likelihood of success on the merits. If that can be demonstrated, a preliminary injunction is the expected remedy.” (footnotes omitted)). But see Am. Visuals Corp. v. Holland, 219 F.2d 223 (2d Cir.1955) (affirming denial of injunction because, among other reasons, plaintiff failed to show that money damages would be inadequate).
II.
Defendants do not claim that the District Court failed to apply this Circuit's longstanding preliminary injunction standard. Rather, they argue both that this standard is an unconstitutional prior restraint on speech and that it is in conflict with the Supreme Court's decision in eBay, Inc. v. MercExchange, L.L.C., 547 U.S. 388, 126 S.Ct. 1837, 164 L.Ed.2d 641 (2006). We agree that eBay abrogated parts of this Court's preliminary injunction standard in copyright cases, and accordingly, this case must be remanded to the District Court to reevaluate Salinger's preliminary injunction motion. In light of that holding, we need not decide whether the preliminary injunction issued by the District Court constituted an unconstitutional prior restraint on speech.
eBay involved the propriety of a permanent injunction after a finding of patent infringement. The United States District Court for the Eastern District of Virginia had ostensibly applied the traditional four-factor test for determining whether a permanent injunction should issue:
Issuance of injunctive relief against [the defendants] is governed by traditional equitable principles, which require consideration of (i) whether the plaintiff would face irreparable injury if the injunction did not issue, (ii) whether the plaintiff has an adequate remedy at law, (iii) whether granting the injunction is in the public interest, and (iv) whether the balance of the hardships tips in the plaintiff's favor.
MercExchange, L.L.C. v. eBay, Inc., 275 F.Supp.2d 695, 711 (E.D.Va.2003) (quotation marks omitted). In its application of this test, however, the district court “appeared to adopt certain expansive principles suggesting that injunctive relief could not issue in a broad swath of cases.” eBay, 547 U.S. at 393, 126 S.Ct. 1837. Specifically, the district court found that “the evidence of the plaintiff's willingness to license its patents, its lack of commercial activity in practicing the patents, and its comments to the media as to its intent with respect to enforcement of its patent rights, are sufficient to rebut the presumption that it will suffer irreparable harm if an injunction does not issue.” eBay, 275 F.Supp.2d at 712. The Federal Circuit reversed on appeal, applying a “general rule ... that a permanent injunction will issue once infringement and validity have been adjudged.” MercExchange, L.L.C. v. eBay, Inc., 401 F.3d 1323, 1338 (Fed.Cir.2005). The court cited for this rule Richardson v. Suzuki Motor Co, which equates the “general rule” with a rule that “[i]n matters involving patent rights, irreparable harm has been presumed when a clear showing has been made of patent validity and infringement.” 868 F.2d 1226, 1246-47 (Fed.Cir.1989) (quoting H.H. Robertson Co. v. United Steel Deck, Inc.,820 F.2d 384, 390 (Fed.Cir.1987)).
[77] Writing for a unanimous Court, Justice Thomas held that neither the district court nor the Federal Circuit correctly applied the equitable factors:
According to well-established principles of equity, a plaintiff seeking a permanent injunction must satisfy a four-factor test before a court may grant such relief. A plaintiff must demonstrate: (1) that it has suffered an irreparable injury; (2) that remedies available at law, such as monetary damages, are inadequate to compensate for that injury; (3) that, considering the balance of hardships between the plaintiff and defendant, a remedy in equity is warranted; and (4) that the public interest would not be disserved by a permanent injunction.
eBay, 547 U.S. at 391, 126 S.Ct. 1837. Although the courts below had articulated the correct standard, they had both, albeit in different ways, applied “broad classifications” that were inconsistent with traditional equitable principles. Id.at 393, 126 S.Ct. 1837.
This Court has not directly addressed the scope of eBay.[6] And district courts in our Circuit have split on eBay's reach. Compare, e.g., Lennon v. Premise Media Corp., 556 F.Supp.2d 310, 319-20 n. 1 (S.D.N.Y.2008) (holding that eBay only applies to permanent injunctions in patent cases), with Microsoft Corp. v. AGA Solutions, Inc., 589 F.Supp.2d 195, 204 (E.D.N.Y.2008) (applying eBay in a permanent injunction trademark case). Two district court decisions have noted that the scope of eBay remains an open question in this Circuit and have decided the cases before them without determining whether the eBay or pre- eBay standard applied. See Gayle Martz, Inc. v. Sherpa Pet Group, L.L. C., 651 F.Supp.2d 72, 85 (S.D.N.Y.2009); Warner Bros. Entm't Inc. v. RDR Books, 575 F.Supp.2d 513, 552 (S.D.N.Y.2008).
We hold today that eBay applies with equal force (a) to preliminary injunctions (b) that are issued for alleged copyright infringement. First, nothing in the text or the logic of eBay suggests that its rule is [78] limited to patent cases. On the contrary, eBay strongly indicates that the traditional principles of equity it employed are the presumptive standard for injunctions in any context.[7] Significantly, after laying out the four-factor test quoted above, eBay cites two cases: Weinberger v. Romero-Barcelo, 456 U.S. 305, 311-13, 102 S.Ct. 1798, 72 L.Ed.2d 91 (1982), which involved a permanent injunction after a finding that the defendant violated the Federal Water Pollution Control Act, and Amoco Production Co. v. Village of Gambell, 480 U.S. 531, 542, 107 S.Ct. 1396, 94 L.Ed.2d 542 (1987), which involved a preliminary injunction in which the plaintiff alleged that the defendant was violating § 810 of the Alaska National Interest Lands Conservation Act, eBay, 547 U.S. at 391, 126 S.Ct. 1837. The Court then looked to whether the logic of these cases should apply in the patent context. Reasoning that “‘a major departure from the long tradition of equity practice should not be lightly implied,’” id. at 391, 126 S.Ct. 1837 (quoting Weinberger, 456 U.S. at 320, 102 S.Ct. 1798), the Court concluded that “[t]hese familiar principles apply with equal force to disputes arising under the Patent Act,” id.
Moreover, the Court expressly relied upon copyright cases in reaching its conclusion. In response to the Federal Circuit's reasoning that the Patent Act's right to exclude justifies the preference for injunctive relief, the Court stated that “the creation of a right is distinct from the provision of remedies for violations of that right.” Id. at 392. In support of this distinction, it noted that “[l]ike a patent owner, a copyright holder possesses the right to exclude others from using his property.” Id. (quotation marks omitted). It further noted that “[l]ike the Patent Act, the Copyright Act provides that courts ‘may’ grant injunctive relief ‘on such terms as it may deem reasonable to prevent or restrain infringement of copyright.’” Id. (quoting 17 U.S.C. § 502(a)). Because of these similarities, the Court emphasized that it “has consistently rejected invitations to replace traditional equitable considerations with a rule that an injunction automatically follows a determination that a copyright has been infringed.” Id. at 392-93, 102 S.Ct. 1798 (citing N.Y. Times Co. v. Tasini, 533 U.S. 483, 505, 121 S.Ct. 2381, 150 L.Ed.2d 500 (2001); Campbell, 510 U.S. at 578 n. 10, 114 S.Ct. 1164; Dun v. Lumbermen's Credit Ass'n., 209 U.S. 20, 23-24, 28 S.Ct. 335, 52 L.Ed. 663 (1908)). Whatever the underlying issues and particular circumstances of the cases cited by the Court in eBay, it seems clear that the Supreme Court did not view patent and copyright injunctions as different in kind, or as requiring different standards.
Nor does eBay, as reinforced by the Supreme Court's very recent decision in Winter v. Natural Resources Defense Council, --- U.S. ----, 129 S.Ct. 365, 172 L.Ed.2d 249 (2008), permit an easier grant of a preliminary than of a permanent injunction. First, as mentioned above, one of the two cases eBay relied upon in stating the traditional equitable test involved a preliminary injunction. See Amoco Prod., 480 U.S. at 542, 107 S.Ct. 1396; see also [79] id. at 546 n. 12, 107 S.Ct. 1396 (“The standard for a preliminary injunction is essentially the same as for a permanent injunction with the exception that the plaintiff must show a likelihood of success on the merits rather than actual success.”). Second, in Winter, the Supreme Court in fact applied eBay in a case involving a preliminary injunction. Reversing the Ninth Circuit, which had preliminarily enjoined the Navy's use of sonar in training exercises based on a “strong” likelihood of success on the merits and a “possibility” of irreparable harm, the Court stated: “Issuing a preliminary injunction based only on a possibility of irreparable harm is inconsistent with our characterization of injunctive relief as an extraordinary remedy that may only be awarded upon a clear showing that the plaintiff is entitled to such relief.” Winter, 129 S.Ct. at 375-76. And using broad, unqualified language, the Court discussed the preliminary injunction standard as follows:
A preliminary injunction is an extraordinary remedy never awarded as of right. In each case, courts must balance the competing claims of injury and must consider the effect on each party of the granting or withholding of the requested relief. In exercising their sound discretion, courts of equity should pay particular regard for the public consequences in employing the extraordinary remedy of injunction.
Id. at 376-77 (quotation marks and citations omitted) (citing Munaf v. Geren, 553 U.S. 674, 128 S.Ct. 2207, 2218-19, 171 L.Ed.2d 1 (2008); Amoco Prod., 480 U.S. at 542, 107 S.Ct. 1396; Weinberger,456 U.S. at 312, 102 S.Ct. 1798).
III.
This Court's pre- eBay standard for when preliminary injunctions may issue in copyright cases is inconsistent with the principles of equity set forth in eBay. The Supreme Court's decision in Winter tells us that, at minimum, we must consider whether “irreparable injury is likely in the absence of an injunction,” we must “‘balance the competing claims of injury,’” and we must “‘pay particular regard for the public consequences in employing the extraordinary remedy of injunction.’”[8]. 129 S.Ct. at 375-77 (quoting Amoco, 480 U.S. at 542, 107 S.Ct. 1396; Weinberger, 456 U.S. at 312, 102 S.Ct. 1798). Therefore, in light of Winter and eBay, we hold that a district court must undertake the following inquiry in determining whether to grant a plaintiff's motion for a preliminary injunction in a copyright case. First, as in most other kinds of cases in our Circuit, a court may issue a preliminary injunction in a copyright case only if the plaintiff has demonstrated “either (a) a likelihood of success on the merits or (b) sufficiently serious questions going to the merits to make them a fair ground for litigation and a balance of hardships tipping decidedly in the [plaintiff]' s favor.” NXIVM Corp., 364 F.3d at 476; see also, e.g., Faiveley Transp. Malmo AB v. Wabtec Corp., 559 F.3d 110, 116 (2d Cir.2009). Second, the [80] court may issue the injunction only if the plaintiff has demonstrated “that he is likely to suffer irreparable injury in the absence of an injunction.” Winter, 129 S.Ct. at 374. The court must not adopt a “categorical” or “general” rule or presume that the plaintiff will suffer irreparable harm (unless such a “departure from the long tradition of equity practice” was intended by Congress). eBay, 547 U.S. at 391, 393-94, 126 S.Ct. 1837. Instead, the court must actually consider the injury the plaintiff will suffer if he or she loses on the preliminary injunction but ultimately prevails on the merits, paying particular attention to whether the “remedies available at law, such as monetary damages, are inadequate to compensate for that injury.” eBay, 547 U.S. at 391, 126 S.Ct. 1837; see also Winter, 129 S.Ct. at 375 (quoting 11A Charles Alan Wright, Arthur R. Miller & Mary Kay Kane, Federal Practice and Procedure § 2948.1 (2d ed.1995), for the proposition that an applicant for a preliminary injunction “must demonstrate that in the absence of a preliminary injunction, ‘the applicant is likely to suffer irreparable harm before a decision on the merits can be rendered’”). Third, a court must consider the balance of hardships between the plaintiff and defendant and issue the injunction only if the balance of hardships tips in the plaintiff's favor. Winter, 129 S.Ct. at 374; eBay, 547 U.S. at 391, 126 S.Ct. 1837. Finally, the court must ensure that the “public interest would not be disserved” by the issuance of a preliminary injunction. eBay, 547 U.S. at 391, 126 S.Ct. 1837; accord Winter, 129 S.Ct. at 374.
Second, the court may issue the injunction only if the plaintiff has demonstrated “that he is likely to suffer irreparable injury in the absence of an injunction.” Winter, 129 S.Ct. at 374. The court must not adopt a “categorical” or “general” rule or presume that the plaintiff will suffer irreparable harm (unless such a “departure from the long tradition of equity practice” was intended by Congress). eBay, 547 U.S. at 391, 393-94, 126 S.Ct. 1837. Instead, the court must actually consider the injury the plaintiff will suffer if he or she loses on the preliminary injunction but ultimately prevails on the merits, paying particular attention to whether the “remedies available at law, such as monetary damages, are inadequate to compensate for that injury.” eBay, 547 U.S. at 391, 126 S.Ct. 1837; see also Winter, 129 S.Ct. at 375 (quoting 11A Charles Alan Wright, Arthur R. Miller & Mary Kay Kane, Federal Practice and Procedure § 2948.1 (2d ed.1995), for the proposition that an applicant for a preliminary injunction “must demonstrate that in the absence of a preliminary injunction, ‘the applicant is likely to suffer irreparable harm before a decision on the merits can be rendered’”). Third, a court must consider the balance of hardships between the plaintiff and defendant and issue the injunction only if the balance of hardships tips in the plaintiff's favor. Winter, 129 S.Ct. at 374; eBay, 547 U.S. at 391, 126 S.Ct. 1837. Finally, the court must ensure that the “public interest would not be disserved” by the issuance of a preliminary injunction. eBay, 547 U.S. at 391, 126 S.Ct. 1837; accord Winter, 129 S.Ct. at 374.
A.
The first consideration in the preliminary injunction analysis is the probability of success on the merits. In gauging this, we emphasize that courts should be particularly cognizant of the difficulty of predicting the merits of a copyright claim at a preliminary injunction hearing. See Lemley & Volokh, supra, at 201-02 (“[When deciding whether to grant a TRO or a preliminary injunction,] the judge has limited time for contemplation. The parties have limited time for briefing. Preparation[81] for a typical copyright trial, even a bench trial, generally takes many months; the arguments about why one work isn't substantially similar in its expression to another, or about why it's a fair use of another, are often sophisticated and fact-intensive, and must be crafted with a good deal of thought and effort.”). This difficulty is compounded significantly when a defendant raises a colorable fair use defense. “Whether [a] taking[ ] will pass the fair use test is difficult to predict. It depends on widely varying perceptions held by different judges.” Pierre N. Leval, Toward a Fair Use Standard, 103 Harv. L.Rev. 1105, 1132 (1990); see also Campbell, 510 U.S. at 578 n. 10, 114 S.Ct. 1164 (noting that “the fair use enquiry often requires close questions of judgment”).
B.
Next, the court must consider whether the plaintiff will suffer irreparable harm in the absence of a preliminary injunction, and the court must assess the balance of hardships between the plaintiff and defendant. Those two items, both of which consider the harm to the parties, are related. The relevant harm is the harm that (a) occurs to the parties' legal[9] interests and (b) cannot be remedied after a final adjudication, whether by damages or a permanent injunction. The plaintiff's interest is, principally, a property interest in the copyrighted material. See Wheaton v. Peters, 33 U.S. (8 Pet.) 591, 661, 8 L.Ed. 1055 (1834). But as the Supreme Court has suggested, a copyright holder might also have a First Amendment interest in not speaking. See Harper & Row Publishers, Inc. v. Nation Enters., 471 U.S. 539, 559, 105 S.Ct. 2218, 85 L.Ed.2d 588 (1985). The defendant to a copyright suit likewise has a property interest in his or her work to the extent that work does not infringe the plaintiff's copyright. And a defendant also has a core First Amendment interest in the freedom to express him or herself, so long as that expression does not infringe the plaintiff's copyright.
But the above-identified interests are relevant only to the extent that they are not remediable after a final adjudication. Harm might be irremediable, or irreparable, for many reasons, including that a loss is difficult to replace or difficult to measure, or that it is a loss that one should not be expected to suffer. In the context of copyright infringement cases, the harm to the plaintiff's property interest has often been characterized as irreparable in light of possible market confusion. See Merkos L'Inyonei Chinuch, Inc. v. Otsar Sifrei Lubavitch, Inc., 312 F.3d 94, 96-97 (2d Cir.2002). And courts have tended to issue injunctions in this context because “to prove the loss of sales due to infringement is ... notoriously difficult.” Omega Importing Corp. v. Petri-Kine Camera Co., 451 F.2d 1190, 1195 (2d Cir.1971) (Friendly, C.J.). Additionally, “[t]he loss of First Amendment freedoms,” and hence infringement of the right not to speak, “for even minimal periods of time, unquestionably constitutes irreparable injury.” Elrod v. Burns, 427 U.S. 347, 373, 96 S.Ct. 2673, 49 L.Ed.2d 547 (1976).[10]
[82] After eBay, however, courts must not simply presume irreparable harm. See eBay, 547 U.S. at 393, 126 S.Ct. 1837. Rather, plaintiffs must show that, on the facts of their case, the failure to issue an injunction would actually cause irreparable harm. This is not to say that most copyright plaintiffs who have shown a likelihood of success on the merits would not be irreparably harmed absent preliminary injunctive relief. As an empirical matter, that may well be the case, and the historical tendency to issue preliminary injunctions readily in copyright cases may reflect just that. See H. Tomás Gómez-Arostegui, What History Teaches Us About Copyright Injunctions and the Inadequate-Remedy-at-Law Requirement, 81 S. Cal. L.Rev. 1197, 1201 (2008) (concluding, after a thorough historical analysis, that “the historical record suggests that in copyright cases, legal remedies were deemed categorically inadequate”). As Chief Justice Roberts noted, concurring in eBay:
From at least the early 19th century, courts have granted injunctive relief upon a finding of infringement in the vast majority of patent cases. This “long tradition of equity practice” is not surprising, given the difficulty of protecting a right to exclude through monetary remedies.... This historical practice, as the Court holds, does not entitle a patentee to [an] ... injunction or justify a general rule that such injunctions should issue.... At the same time, there is a difference between exercising equitable discretion pursuant to the established four-factor test and writing on an entirely clean slate.... When it comes to discerning and applying those standards, in this area as others, a page of history is worth a volume of logic.
547 U.S. at 395, 126 S.Ct. 1837 (quotation marks omitted).
But by anchoring the injunction standard to equitable principles, albeit with one eye on historical tendencies, courts are able to keep pace with innovation in this rapidly changing technological area. Justice Kennedy, responding to Justice Roberts, made this very point as to patent injunctions in his eBay concurrence. Although the “lesson of the historical practice ... is most helpful and instructive when the circumstances of a case bear substantial parallels to litigation the courts have confronted before[,] ... in many instances the nature of the patent being enforced and the economic function of the patent holder present considerations quite unlike earlier cases.” Id. at 396, 126 S.Ct. 1837. Justice Kennedy concluded that changes in the way parties use patents may now mean that “legal damages [are] sufficient to compensate for the infringement.” Id.
C.
Finally, courts must consider the public's interest. The object of copyright law is to promote the store of knowledge available to the public. But to the extent it accomplishes this end by providing individuals a financial incentive to contribute to the store of knowledge, the public's interest may well be already accounted for by the plaintiff's interest.
The public's interest in free expression, however, is significant and is distinct from the parties' speech interests. See Pac. Gas & Elec. Co. v. Pub. Utils. Comm'n of Cal., 475 U.S. 1, 8, 106 S.Ct. 903, 89 L.Ed.2d 1 (1986). “By protecting those who wish to enter the marketplace of ideas from government attack, the First Amendment protects the public's interest in receiving information.” Id. Every injunction issued before a final adjudication on the merits risks enjoining speech protected by the First Amendment. Some [83] uses, however, will so patently infringe another's copyright, without giving rise to an even colorable fair use defense, that the likely First Amendment value in the use is virtually nonexistent.
IV.
Because the District Court considered only the first of the four factors that, under eBay and our holding today, must be considered before issuing a preliminary injunction, we vacate and remand the case. But in the interest of judicial economy, we note that there is no reason to disturb the District Court's conclusion as to the factor it did consider-namely, that Salinger is likely to succeed on the merits of his copyright infringement claim.
Most of the matters relevant to Salinger's likelihood of success on the merits are either undisputed or readily established in his favor. Thus, Defendants do not contest either that Salinger owns a valid copyright in Catcher or that they had actual access to Catcher. And while they argue only that 60 Years Later and Catcher are not substantially similar, that contention is manifestly meritless.[11] “In considering substantial similarity between two items, we review the district court's findings de novo-not on the clearly erroneous standard-because what is required is only a visual comparison of the works, rather than credibility, which we are in as good a position to decide as was the district court.” Folio Impressions, Inc. v. Byer Cal., 937 F.2d 759, 766 (2d Cir.1991). And for largely the same reasons as the District Court, we affirm the District Court's finding that Catcher and 60 Years Later are substantially similar.
More serious is Defendants' assertion of a fair use defense. And at this preliminary stage, we agree with the District Court that Defendants will not likely be able to make out such a defense. The District Court in its discussion of fair use focused on the first statutory factor: the “purpose and character of the use.” 17 U.S.C. § 107(1). In doing this, the Court found that “[i]t is simply not credible for Defendant Colting to assert now that his primary purpose was to critique Salinger and his persona, while he and his agents' previous statements regarding the book discuss no such critique, and in fact reference various other purposes behind the book.” Salinger, 641 F.Supp.2d at 262. Such a finding is not clear error. See Anderson v. Bessemer City, 470 U.S. 564, 575, 105 S.Ct. 1504, 84 L.Ed.2d 518 (1985) (a district court's findings regarding witness credibility are to be reviewed for clear error). It may be that a court can find that the fair use factor favors a defendant even when the defendant and his work lack a transformative purpose. We need not decide that issue here, however, for when we consider the District Court's credibility finding together with all the other facts in this case, we conclude, with the District Court, that Defendants are not likely to prevail in their fair use defense.[12]
[84] CONCLUSION
In this preliminary injunction case, the District Court erred by not applying the equitable standard outlined by the Supreme Court in eBay, Inc. v. MercExchange, L.L. C. and Winter v. Natural Resources Defense Council. Accordingly, we vacate and remand for further proceedings consistent with this opinion. The preliminary injunction will stay in place for ten days following the issuance of the mandate so that Appellees will have an opportunity to apply for a temporary restraining order pending the rehearing of the motion for a preliminary injunction.
[1] We note that Plaintiff-Appellee J.D. Salinger died during the pendency of this appeal. In a February 18, 2010 order, we granted the motion of Colleen M. Salinger and Matthew R. Salinger, trustees of the J.D. Salinger Literary Trust, to be substituted for Salinger as Appellees. For reasons of convenience, however, we will continue to refer to Salinger as “Plaintiff” or “Appellee” in this opinion.
[2] Menand includes among Catcher “rewrites” Sylvia Plath's The Bell Jar (1963), Hunter S. Thompson's Fear and Loathing in Las Vegas (1971), Jay McInerney's Bright Lights, Big City (1984), and Dave Eggers's A Heartbreaking Work of Staggering Genius (2000).
[3] Salinger has conceded that Catcher is “sort of” autobiographical. Paul Alexander, Salinger: A Biography 177-78 (1999).
[4] Appellants concede that Mr. C is Holden Caulfield and that the unnamed author living in Cornish, New Hampshire is a “fictionalized Salinger.” Special App. 6-7 (Hr'g Tr. 16-17, June 17, 2009); Appellants' Br. 10.
[5] The overwhelming majority of decisions addressing injunction motions have focused solely on whether the plaintiff has shown a likelihood of success on the merits and irreparable harm, rather than on balancing the hardships. But see Random House, Inc. v. Rosetta Books L.L. C., 283 F.3d 490, 492 (2d Cir.2002) (considering the balance of hardships but finding the standard unsatisfied); Consumers Union of U.S., Inc. v. Gen. Signal Corp., 724 F.2d 1044, 1054 (2d Cir.1983) (same).
[6] In Time Warner Cable, Inc. v. DIRECTV, Inc., 497 F.3d 144, 162 (2d Cir.2007), this Court applied the pre- eBay standard where the plaintiff sought a preliminary injunction claiming false advertising under the Lanham Act. But whether eBay affected that standard was neither raised by the parties nor discussed by either the district court or this Court on appeal. Accordingly, Time Warner Cable is not binding precedent on this issue. See Webster v. Fall, 266 U.S. 507, 511, 45 S.Ct. 148, 69 L.Ed. 411 (1924). Similarly, the Federal Circuit has, without discussion, applied a pre- eBay standard in one post- eBay copyright case involving a preliminary injunction. Jacobsen v. Katzer, 535 F.3d 1373, 1378 (Fed.Cir.2008) (applying the Ninth Circuit's pre- eBay standard); see also Abercrombie & Fitch Co. v. Moose Creek, Inc., 486 F.3d 629, 633 (9th Cir.2007) (applying the pre- eBay standard, without discussion, in a preliminary injunction trademark case). By contrast, the First, Eleventh, and Fourth Circuits have applied eBay in copyright cases. See CoxCom, Inc. v. Chaffee, 536 F.3d 101, 112 (1st Cir.2008); Peter Letterese & Assocs. v. World Inst. of Scientology Enters. Int'l, 533 F.3d 1287, 1323 (11th Cir.2008); Christopher Phelps & Assocs. v. Galloway, 492 F.3d 532, 543 (4th Cir.2007) (“The Supreme Court [in eBay] reaffirmed the traditional showing that a plaintiff must make to obtain a permanent injunction in any type of case, including a patent or copyright case[.]”); see also Metro-Goldwyn-Mayer Studios, Inc. v. Grokster, Ltd., 518 F.Supp.2d 1197, 1208-10 (C.D.Cal.2007) (extensively discussing the issue and concluding that eBay applies in the permanent injunction copyright context). See generally Voile Mfg. Corp. v. Dandurand, 551 F.Supp.2d 1301, 1306 (D.Utah 2008) (collecting cases and summarizing that “[d]espite the lack of clear direction from the Federal Circuit, the majority of district courts to directly analyze the issue have held that eBay did away with the presumption of irreparable harm in preliminary injunction cases involving patents”).
[7] Indeed, although our holding here is limited to preliminary injunctions in the context of copyright cases, eBay's central lesson is that, unless Congress intended a “major departure from the long tradition of equity practice,” a court deciding whether to issue an injunction must not adopt “categorical” or “general” rules or presume that a party has met an element of the injunction standard. 547 U.S. at 391-94, 126 S.Ct. 1837 (quotation marks omitted). Therefore, although today we are not called upon to extend eBay beyond the context of copyright cases, we see no reason that eBay would not apply with equal force to an injunction in any type of case.
[8] This Court has rarely considered the public's interest before deciding whether an injunction should issue. Although decisions have referenced the public's interest in passing, see Silverstein v. Penguin Putnam, Inc., 368 F.3d 77, 84 (2d Cir.2004) (quoting 4 Nimmer on Copyright § 14.06 for the proposition that “where great public injury would be worked by an injunction ... the courts could ... award damages or a continuing royalty instead of an injunction”); New Era Publ'ns Int'l., ApS v. Henry Holt, Co., 884 F.2d 659, 664 (2d Cir.1989) (Newman, J., dissenting from denial of rehearing in banc) (“[T]he public interest is always a relevant consideration for a court deciding whether to issue an injunction.”), the public's interest has not in the past been a formal factor in this Court's standard for when to issue copyright injunctions.
[9] As Judge Leval noted in New Era Publications International, ApS v. Henry Holt & Co., “the justification of the copyright law is the protection of the commercial interest of the artist/author. It is not to coddle artistic vanity or to protect secrecy, but to stimulate creation by protecting its rewards.” 695 F.Supp. 1493, 1526 (S.D.N.Y.1988).
[10] But cf. Freedman v. Maryland, 380 U.S. 51, 59, 85 S.Ct. 734, 13 L.Ed.2d 649 (1965) (finding permissible pre-adjudication restraint where, among other things, the time between the restraint and the final adjudication is brief).
[11] We find it unnecessary to decide whether Salinger owns a valid copyright in the character Holden Caulfield.
[12] As noted above, since the commencement of these proceedings, Plaintiff-Appellee J.D. Salinger has died. On remand, nothing precludes the District Court from considering that or any other additional evidence that may bear on the legal issues to be determined with respect to the preliminary injunction and the final merits. Moreover, while we are remanding for further consideration of a preliminary injunction, we wish to make clear that nothing we have said is intended to preclude the District Court on remand from consolidating its further consideration of the preliminary injunction application with the trial on the merits. See Fed.R.Civ.P. 65(a)(2).
2.4 Merrill Lynch, Pierce, Fenner & Smith Inc. v. Callahan 2.4 Merrill Lynch, Pierce, Fenner & Smith Inc. v. Callahan
MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, Plaintiff, v. Cornelius E. CALLAHAN and John M. Polanshek, Jr. Defendants.
No. 2:03-CV-129.
United States District Court, D. Vermont.
May 7, 2003.
*441Stephen G. Norten, Paul, Frank & Collins, P.C., Burlington, Timothy S. Cole, Rubin & Associates, P.C., Paoli, PA, for Plaintiff.
Gregory Scott Mertz, Mertz, Talbott & Simonds, PLC, Burlington, David L. Ward, Murphy & Michaels, L.L.P., Boston, MA, for Defendant.
MEMORANDUM AND ORDER
This case arises out of the defendants’ resignation from the Burlington office of Merrill Lynch, Pierce, Fenner & Smith Inc. (“Merrill Lynch”) where they were employed as financial analysts. Merrill Lynch alleges that after resigning the defendants retained a list of client names and information and used that list to solicit their former clients in violation of certain contracts between the parties and the Vermont Uniform Trade Secrets Act, Vt. Stat. Ann. tit. 9, §§ 4601-09.1 On April 29, 2003, Merrill Lynch moved for a temporary restraining order and preliminary in-junctive relief prohibiting the defendants from soliciting their former clients or using or disclosing the list of client names and information. The Court held an evi-dentiary hearing on the motion on May 2, 2003. For the reasons described below, Merrill Lynch’s motion is DENIED (Doc. 4).
I. Background
Merrill Lynch is a financial services company and a Delaware corporation maintaining its principal place of business in New Jersey. Defendants Cornelius Callahan and John Polanshek are residents of Vermont and worked as financial analysts with Merrill Lynch in Burlington for 15 and 18 years, respectively. Merrill Lynch provided both significant training as financial analysts. As a condition of their employment with Merrill Lynch, Callahan and Polanshek executed Account Executive Trainee Agreements. Under the provisions of these agreements, each promised that in the. event of termination of his employment he would not solicit, for one year, any clients he served while at Merrill Lynch or any clients whose names became *442known to him during that time.2 Each also agreed that the names and addresses of Merrill Lynch’s clients would remain the property of Merrill Lynch, and would be treated by him as confidential information of Merrill Lynch at all times during his employment and after his termination. In addition, Callahan and Polanshek agreed in writing, on an annual basis, to abide by Merrill Lynch’s privacy, policy regarding confidentiality of client information which prohibited the sale or rent of clients’ personal information and the release of such information without client authorization.3
On Friday April 25, 2003, Callahan, Po-lanshek, and a client associate4 who worked with them resigned, withoüt notice. On the same day they joined Wachovia Securities, Inc. (“Wachovia”), a competing firm located nearby. At the time of their resignation, Callahan and Polanshek had access to accounts representing more than $79 million in assets and generating over $801,000 in commission revenues for Merrill Lynch in the preceding 12 months. As a condition of their transfer, Callahan and Polanshek received substantial upfront financial benefits from Wachovia.
While at Merrill Lynch, Callahan and Polanshek maintained a list of the names, addresses, and phone numbers of 429 clients whose accounts they handled. This list was developed by them over their years at Merrill Lynch using existing lists provided to them by Merrill Lynch and through their own contacts and research, using Merrill Lynch’s resources. On the afternoon they resigned, they took a hard copy of this list with them and used it to contact many of these clients by phone. Callahan also has an electronic version of the list.
Within a few days of their resignation Callahan, Polanshek, and the client associate sent mailings to virtually all the clients on the list. Each mailing included a letter explaining that after careful consideration they had decided to leave Merrill Lynch and join Wachovia. Each mailing also included blank account transfer forms for clients who decided to transfer their accounts from Merrill Lynch to Wachovia. The letter offered to help clients complete the forms if needed. As of the hearing, two clients had transferred their accounts to Wachovia.
Callahan, Polanshek, and the client associate sent a second mailing to their former clients on the day of the hearing. The mailing included a letter stating that the three were “settled in” at Wachovia and asking the clients to call if they had questions about the account transfer forms.
Callahan and Polanshek allege that Merrill Lynch maintains a policy of encouraging the recruitment of experienced financial analysts from other firms and requiring the recruited financial analysts to provide their client, statements and other client information to Merrill Lynch before and after leaving their old firms. They submitted affidavits stating that Merrill Lynch has recently recruited such financial analysts and has made use of the client records from those analysts’ former *443firms. Neither maintains that they were recruited to Merrill Lynch in this manner. Waltien admits that Merrill Lynch has a policy of hiring experienced financial analysts from other firms. However, he testified, based on his 11 years with the firm, that Merrill Lynch does not ask for client names or lists before doing so. Instead, after such a financial analyst is hired, Merrill Lynch expects that the analyst will solicit former clients, but only to the extent the he or she recalls the names from memory. Waltien testified that this kind of solicitation of former clients from memory is a standard industry practice.
Waltien also testified, based on his 32 years of experience in the financial services industry, that clients value greatly the confidentiality of their personal and financial information. Merrill Lynch has taken numerous steps to protect this confidentiality through the agreements that Callahan and Polanshek signed and through other company policies. He also testified that future revenues from an account are difficult to predict because they are affected by a variety of factors including the stock market and changes in the life of the account-holder. According to Waltien, referrals from current clients are the “lifeblood” of Merrill Lynch’s business and it is difficult to predict the revenue the firm will earn in referrals from any one account. Finally he stated that Callahan and Polanshek’s departure with the client list had hurt office morale, had caused employees to be worried that the office might close, and could encourage other employees to take similar offers with competing firms.
II. Discussion
To obtain preliminary injunctive relief,5 Merrill Lynch must show: (a) that it will suffer irreparable harm in the absence of an injunction and (b) either (i) a likelihood of success on the merits or (ii) sufficiently serious questions going to the merits to make them a fair ground for litigation and a balance of hardships tipping decidedly in its favor. Tom Doherty Assocs., Inc. v. Saban Entm’t, Inc., 60 F.3d 27, 33 (2d Cir.1995). In this case, Merrill Lynch has failed to demonstrate that Callahan and Polanshek’s continued use of the client list and solicitation of their former clients will cause it irreparable harm. In addition, given Merrill Lynch’s policy of encouraging newly hired financial analysts to solicit their former clients, denial of the motion is appropriate under the doctrine of unclean hands.
Merrill Lynch focuses on two potential sources of irreparable harm: the loss of clients on the list due to solicitation by Callahan and Polanshek and the loss of the trust and confidence of clients whose financial and other information it has pledged to keep confidential.6 Merrill Lynch has not met its burden of demonstrating, however, that it will suffer future irreparable harm on these bases.
First, it is undisputed that Callahan and Polanshek have already taken the client list and contacted virtually all of their 429 clients twice. In essence, the damage is already done. Second, the Court is not convinced that the financial losses resulting from any client account *444transfers to Wachovia will be immeasurable. Although Waltien points out that many factors affect the future revenue from a client account, a' reasonable estimate of the damages can be made based on Merrill Lynch’s records of the assets and commissions related to these accounts, similar records created by Wachovia for any accounts that are transferred, and expert testimony. See Morgan Stanley DW, Inc. v. Frisby, 163 F.Supp.2d 1371, 1376 (N.D.Ga.2001) (given electronic monitoring of individual transactions and records of past revenues, losses caused by transfer of client accounts compensable via monetary damages); Merrill Lynch, Pierce, Fenner & Smith v. Bennert, 980 F.Supp. 73, 75 (D.Me.1997) (same); Merrill Lynch, Pierce, Fenner & Smith v. Bishop, 839 F.Supp. 68, 73-75 (same). But see Merrill Lynch, Pierce, Fenner & Smith, Inc. v. Bradley, 756 F.2d 1048, 1054 (4th Cir.1985) (finding economic losses associated with client transfers to be irreparable). Where an injury is compensable through money damages, there is no irreparable harm. Sampson v. Murray, 415 U.S. 61, 90, 94 S.Ct. 937, 39 L.Ed.2d 166 (1974); Petereit v. S.B. Thomas, Inc., 63 F.3d 1169, 1185-86 (2d Cir.1995); Jackson Dairy, Inc. v. H.P. Hood & Sons, Inc., 596 F.2d 70, 72 (2d Cir.1979) (per curiam).
The same argument applies to clients who might depart Merrill Lynch based on their loss of trust and confidence related to the disclosure of their names, addresses, and telephone numbers to Wachovia. Merrill Lynch has not demonstrated that the economic loss caused by any such departures is immeasurable, just as it has failed to do so regarding client departures caused by solicitation. To the extent that Merrill Lynch argues more broadly that it faces irreparable damage to its reputation and good will due to lost customer trust, it has also provided little support for this claim. See Sampson, 415 U.S. at 96, 94 S.Ct. 937 (even if supported, claim of reputation damage does not necessarily equate with irreparable harm). But see Bishop, 839 F.Supp. at 71-72 (holding loss of client confidentiality irreparable in similar context); Merrill Lynch, Pierce, Fenner & Smith, Inc. v. Kramer, 816 F.Supp. 1242, 1247 (ND.Ohio 1992) (same). It is notable that Callahan and Polanshek have taken only the names, addresses, and phone numbers of their former clients, and not their confidential financial documents, which would be more likely to lead to client distrust. Moreover, as discussed below, Merrill Lynch’s concern about client confidentiality related to client names and contact information is belied by its own practice of expecting recruited financial advisors to contact their former clients.
Even if Merrill Lynch had demonstrated irreparable harm, the Court would deny its demand for preliminary injunctive relief under the doctrine of unclean hands. According to Waltien, solicitation of former clients from memory is standard practice both at Merrill Lynch and throughout the financial services industry. By seeking to halt such solicitation, Merrill Lynch seeks to enjoin the same behavior in which it engages as a matter of company policy. Under the doctrine of unclean hands, “ ‘he who comes into equity must come with clean hands.’ ” Starr Farm Beach Campowners Ass’n v. Boylan, — Yt. -, 811 A.2d 155, 160 (2002) (quoting Precision Instrument Mfg. Co. v. Auto. Maint. Mach. Co., 324 U.S. 806, 814, 65 S.Ct. 993, 89 L.Ed. 1381 (1945)). Where the plaintiff bringing a claim has committed a willful act concerning that cause of action which “tran-gress[es] equitable standards of conduct,” the plaintiff can be prohibited from maintaining that action. Id. Merrill Lynch con*445tends that this doctrine is inapplicable because its practice regarding solicitation is not directly related to its specific claim against Callahan and Polanshek. See Langdon v. Templeton, 66 Vt. 173, 28 A. 866, 869 (1894) (the doctrine is limited to misconduct connected to the matter in litigation and that has affected the equitable relations of the parties and the equitable rights asserted by the plaintiff); see also Keystone Driller Co. v. Gen. Excavator Co., 290 U.S. 240, 245, 54 S.Ct. 146, 78 L.Ed. 293 (1933) (courts require clean hands “only where some unconscionable act of one coming for relief has immediate and necessary relation to the equity that he seeks in respect of the matter in litigation”). The Court, however, has broad discretion in refusing' to aid the unclean litigant. Langdon, 28 A. at 869; see also Keystone, 290 U.S. at 245-46, 54 S.Ct. 146. Given that Merrill Lynch has admitted to engaging regularly in the same kind of behavior it seeks to enjoin, the Court will not use its equitable powers to enjoin such behavior. See Frisby, 163 F.Supp.2d at 1380 (financial services firm estopped by unclean hands from enforcing restrictive covenant against former employee because it actively recruited brokers from competitors and encouraged them to retain copies of client records); Salomon Smith Barney, Inc. v. Vockel, 137 F.Supp.2d 599, 603-04 (E.D.Pa.2000) (same, but where the defendant financial analyst had previously been recruited by the complaining firm from a competitor and encouraged to bring former chent account statements with him).
III. Conclusion
WHEREFORE, Merrill Lynch’s motion for a temporary restraining order and preliminary injunctive relief is DENIED (Doc. 4).
2.5 Grupo Mexicano de Desarrollo, S. A. v. Alliance Bond Fund, Inc. 2.5 Grupo Mexicano de Desarrollo, S. A. v. Alliance Bond Fund, Inc.
GRUPO MEXICANO de DESARROLLO, S. A., et al. v. ALLIANCE BOND FUND, INC., et al.
No. 98-231.
Argued March 31, 1999 —
Decided June 17, 1999
*309Scaua, J., delivered the opinion for a unanimous Court with respect to Part II, and the opinion of the Court with respect to Parts I, III, and IV, in which Rehnquist, C. J., and O’Connor, Kennedy, and Thomas, JJ., joined. Ginsburg, J., filed an opinion concurring in part and dissenting in part, in which Stevens, Souter, and Breyer, JJ., joined, post, p. 333.
Richard A. Mescon argued the cause for petitioners. With him on the briefs were Scott S. Baiter and Peter Buscemi.
Drew S. Days III argued the cause for respondents. With him on the brief were Kenneth W. Irvin, Dale C. Christen*310sen, Jr., John J. Galban, Jeremy G. Epstein, Stephen J. Mar-zen, Meredith Kolsky Lewis, Andrew J. Wertheim, and Lisa T. Simpson.*
delivered the opinion of the Court.
This case presents the question whether, in an action for money damages, a United States District Court has the power to issue a preliminary injunction preventing the defendant from transferring assets in which no lien or equitable interest is claimed.
I
Petitioner Grupo Mexicano de Desarrollo, S. A. (GMD), is a Mexican holding company. In February 1994, GMD issued $250 million of 8.25% unsecured, guaranteed notes due in 2001 (Notes), which ranked pari passu in priority of payment with all of GMD’s other unsecured and unsubordinated debt. Interest payments were due in February and August of every year. Four subsidiaries of GMD (which are the remaining petitioners) guaranteed the Notes. Respondents are investment funds which purchased approximately $75 million of the Notes.
Between 1990 and 1994, GMD was involved in a toll road construction program sponsored by the Government of Mexico. In order to elicit private financing, the Mexican Government granted concessions to companies that would build and operate the system of toll roads. GMD was both an investor in the concessionaries and among the construction companies hired by the concessionaries to build the toll *311roads. Problems in the Mexican economy resulted in severe losses for the concessionaries, who were therefore unable to pay contractors like GMD. In response to these problems, in 1997, the Mexican Government announced the Toll Road Rescue Program, under which it would issue guaranteed notes (Toll Road Notes) to the concessionaries, in exchange for their ceding to the Government ownership of the toll roads. The Toll Road Notes were to be used to pay the bank debt of the concessionaries, and also to pay outstanding receivables held by GMD and other contractors for services rendered to the concessionaries (Toll Road Receivables). In the fall of 1997, GMD announced that it expected to receive approximately $309 million of Toll Road Notes under the program.
Because of the downturn in the Mexican economy and the related difficulties in the toll road program, by mid-1997 GMD was in serious financial trouble. In addition to the Notes, GMD owed other debts of about $450 million. GMD’s 1997 Form 20-F, which was filed with the Securities and Exchange Commission on June 30,1997, stated that GMD’s current liabilities exceeded its current assets and that there was “substantial doubt” whether it could continue as a going concern. As a result of these financial problems, neither GMD nor its subsidiaries (who had guaranteed payment) made the August 1997 interest payment on the Notes.
Between August and December 1997, GMD attempted to negotiate a restructuring of its debt with its creditors. On August 26, Reuters reported that GMD was negotiating with the Mexican banks to reduce its $256 million bank debt, and that it planned to deal with this liability before negotiating with the investors owning the Notes. On October 28, GMD publicly announced that it would place in trust its right to receive $17 million of Toll Road Notes, to cover employee compensation payments, and that it had transferred its right to receive $100 million of Toll Road Notes to the Mexican *312Government (apparently to pay back taxes). GMD also negotiated with the holders of the Notes (including respondents) to restructure that debt, but by December these negotiations had failed.
On December 11, respondents accelerated the principal amount of their Notes, and, on December 12, filed suit for the amount due in the United States District Court for the Southern District of New York (petitioners had consented to personal jurisdiction in that forum). The complaint alleged that “GMD is at risk of insolvency, if not insolvent already”; that GMD was dissipating its most significant asset, the Toll Road Notes, and was preferring its Mexican creditors by its planned allocation of Toll Road Notes to the payment of their claims, and by its transfer to them of Toll Road Receivables; and that these actions would “frustrate any judgment” respondents could obtain. App. 29-30. Respondents sought breach-of-contract damages of $80.9 million, and requested a preliminary injunction restraining petitioners from transferring the Toll Road Notes or Receivables. On that same day, the District Court entered a temporary restraining order preventing petitioners from transferring their right to receive the Toll Road Notes.
On December 28, the District Court entered an order in which it found that “GMD is at risk of insolvency if not already insolvent”; that the Toll Road Notes were GMD’s “only substantial asset”; that GMD planned to use the Toll Road Notes “to satisfy its Mexican creditors to the exclusion of [respondents] and other holders of the Notes”; that “[i]n light of [petitioners’] financial condition and dissipation of assets, any judgment [respondents] obtain in this action will be frustrated”; that respondents had demonstrated irreparable injury; and that it was “almost certain” that respondents would succeed on the merits of their claim. App. to Pet. for Cert. 25a-26a. It preliminarily enjoined petitioners “from dissipating, disbursing, transferring, conveying, encumbering *313or otherwise distributing or affecting any [petitioner’s] right to, interest in, title to or right to receive or retain, any of the [Toll Road Notes].” Id., at 26a. The court ordered respondents to post a $50,000 bond.
The Second Circuit affirmed. 143 F. 3d 688 (1998). We granted certiorari, 525 U. S. 1015 (1998).
II
Respondents contend that events subsequent to petitioners’ appeal of the preliminary injunction render this ease moot. While that appeal was pending in the Second Circuit, the ease proceeded in the District Court. Petitioners filed an answer and asserted various counterclaims. On April 17, 1998, the District Court granted summary judgment to respondents on their contract claim and dismissed petitioners’ counterclaims. The eourt ordered petitioners to pay respondents $82,444,259 by assignment or transfer of Toll Road Receivables or Toll Road Notes; the court also converted the preliminary injunction into a permanent injunction pending such assignment or transfer. Although petitioners initially appealed both portions of this order to the Second Circuit, they later abandoned their appeal from the permanent injunction. The appeal from the payment order is still pending in the Second Circuit. The same date the District Court entered judgment, respondents moved to dismiss petitioners’ first appeal — the one now before us — arguing that the final judgment rendered the appeal moot. On May 4, the Second Circuit denied the motion to dismiss and two days later affirmed, as mentioned above, the District Court’s grant of the preliminary injunction.
Respondents argue that the issue of the propriety of the preliminary injunction is moot because that injunction is now merged into the permanent injunction. Petitioners contend that the ease is not moot because, if we hold that the District Court was without power to issue the preliminary injunction, *314then under Federal Rules of Civil Procedure 65(c) and 65.11 they will have a claim against the injunction bond. They assert that the injunction “interfered with GMD’s efforts to restructure its debt and substantially impaired GMD’s ability to continue its operations in the ordinary course of business.” Brief for Petitioners 7. Respondents concede that a party who has been wrongfully enjoined has a claim on the bond, but they argue that although such a claim might mean that the case is not moot, it does not prevent this interlocutory appeal from becoming moot. In any event, say respondents, because a claim for wrongful injunction requires that the enjoined party win on the ultimate merits, petitioners have forfeited any claim by failing to appeal the portion of the District Court’s, judgment converting the preliminary injunction into a permanent injunction.
Generally, an appeal from the grant of a preliminary injunction becomes moot when the trial court enters a permanent injunction, because the former merges into the latter. We have dismissed appeals in such circumstances. See, e. g., Smith v. Illinois Bell Telephone Co., 270 U. S. 587, 588-589 (1926). We agree with petitioners, however, that their potential cause of action against the injunction bond preserves our jurisdiction over this appeal. Cf. Liner v. Jafco, Inc., 375 U. S. 301, 305-306 (1964).
In the case of the usual preliminary injunction, the plaintiff seeks to enjoin, pending the outcome of the litigation, action that he claims is unlawful. If his lawsuit turns out to be meritorious — if he is found to be entitled to the permanent injunction that he seeks — even if the preliminary injunction was wrongly issued (because at that stage of the *315litigation the plaintiff’s prospects of winning were not sufficiently clear, or the plaintiff was not suffering irreparable injury) its issuance would in any event be harmless error. The final injunction establishes that the defendant should not have been engaging in the conduct that was enjoined. Hence, it is reasonable to regard the preliminary injunction as merging into the final one: If the latter is valid, the former is, if not procedurally correct, at least harmless. A quite different situation obtains in the present case, where (according to petitioners’ claim) the substantive validity of the final injunction does not establish the substantive validity of the preliminary one. For the latter was issued not to enjoin unlawful conduct, but rather to render unlawful conduct that would otherwise be permissible, in order to protect the anticipated judgment of the court; and it is the essence of petitioners’ claim that such an injunction can be issued only after the judgment is rendered. If petitioners are correct, they have been harmed by issuance of the unauthorized preliminary injunction — and hence should be able to recover on the bond — even i/the final injunction is proper. It would make no sense, when this is the claim, to say that the preliminary injunction merges into the final one.2
*316We reject respondents’ argument that the controversy over the bond saves the “ease” from mootness, but does not save the “issue” of the validity of the preliminary injunction from mootness. University of Texas v. Camenisch, 451 U. S. 390 (1981), upon which respondents principally rely, is inap-posite. In that case a deaf graduate student sued the University of Texas to obtain an injunction requiring the school to pay for a sign-language interpreter for his school work. The District Court granted a preliminary injunction and required the student to post an injunction bond. Pending appeal of that injunction, the university paid for the interpreter, but the student graduated before the Court of Appeals issued its decision. Nevertheless, the Court of Appeals held that the appeal of the preliminary injunction was not moot because the issue of who had to pay for the interpreter remained. We reversed:
“The Court of Appeals correctly held that the case as a whole is not moot, since, as that court noted, it remains to be decided who should ultimately bear the cost of the interpreter. However, the issue before the Court of Appeals was not who should pay for the interpreter, but rather whether the District Court had abused its discretion in issuing a preliminary injunction requiring the University to pay for him. The two issues are significantly different, since whether the preliminary injunction should have issued depended on the balance of factors listed in [Fifth Circuit precedent], while whether the University should ultimately bear the cost of the interpreter depends on a final resolution of the merits of Cameniseh’s case.
*317“This, then, is simply another instance in which one issue in a ease has become moot, but the ease as a whole remains alive because other issues have not become moot.... Because the only issue presently before us— the correctness of the decision to grant a preliminary injunction — is moot, the judgment of the Court of Appeals must be vacated and the ease must be remanded to the District Court for trial on the merits.” Id., at 393-394 (citations omitted).
Camenisch is simply an application of the same principle which underlies the rule that a preliminary injunction ordinarily merges into the final injunction. Since the preliminary injunction no longer had any effect (the student had graduated), and since the substantive issue governing the propriety of what had been paid under the preliminary injunction (as opposed to the procedural issue of whether the injunction should have issued when it did) was the same issue underlying the merits claim, there was no sense in trying the preliminary injunction question separately. In the present case, however, petitioners’ basis for arguing that the preliminary injunction was wrongfully issued — which is that the District Court lacked the power to restrain their use of assets pending a money judgment — is independent of respondents’ claim on the merits — which is that petitioners breached the note instrument by failing to make the August 1997 interest payment. The resolution of the merits is immaterial to the validity of petitioners’ potential claim on the bond. Cf. American Can Co. v. Mansukhani, 742 F. 2d 314, 320-321 (CA7 1984); Stacey G. v. Pasadena Independent Sch. Dist., 695 F. 2d 949, 955 (CA5 1983).
For the same reason, petitioners’ failure to appeal the permanent injunction does not forfeit their claim that the preliminary injunction was wrongful. Petitioners do not contest the District Court’s power to issue a permanent injunction after rendering a money judgment against them, *318but they do contest its power to issue a preliminary injunction, and they do so on a ground that has nothing to do with the validity of the permanent injunction. And again for the same reason, we reject respondents’ argument that petitioners have no wrongful injunction claim because they lost the case on the merits.
III
We turn, then, to the merits question whether the District Court had authority to issue the preliminary injunction in this case pursuant to Federal Rule of Civil Procedure 65.3 The Judiciary Act of 1789 conferred on the federal courts jurisdiction over “all suits ... in equity.” § 11, 1 Stat. 78. We have long held that “[t]he 'jurisdiction’ thus conferred... is an authority to administer in equity suits the principles of the system of judicial remedies which had been devised and was being administered by the English Court of Chancery at the time of the separation of the two countries.” Atlas Life Ins. Co. v. W. I. Southern, Inc., 306 U. S. 563, 568 (1939). See also, e. g., Stainback v. Mo Hock Ke Lok Po, 336 U. S. 368, 382, n. 26 (1949); Guaranty Trust Co. v. York, 326 U. S. 99, 105 (1945); Gordon v. Washington, 295 U. S. 30, 36 (1935). “Substantially, then, the equity jurisdiction of the federal courts is the jurisdiction in equity exercised by the High Court of Chancery in England at the time of the adoption of the Constitution and the enactment of the original Judiciary Act, 1789 (1 Stat. 73).” A. Dobie, Handbook of Federal Jurisdiction and Procedure 660 (1928). “[T]he substantive prerequisites for obtaining an equitable remedy as *319well as the general availability of injunctive relief are not altered by [Rule 65] and depend on traditional principles of equity jurisdiction.” 11A C. Wright, A. Miller, & M. Kane, Federal Practice and Procedure §2941, p. 31 (2d ed. 1995). We must ask, therefore, whether the relief respondents requested here was traditionally accorded by courts of equity.
A
Respondents do not even argue this point. The United States as amicus curiae, however, contends that the preliminary injunction issued in this case is analogous to the relief obtained in the equitable action known as a “creditor’s bill.” This remedy was used (among other purposes) to permit a judgment creditor to discover the debtor’s assets, to reach equitable interests not subject to execution at law, and to set aside fraudulent conveyances. See 1 D. Dobbs, Law of Remedies §2.8(1), pp. 191-192 (2d ed. 1993); 4 S. Symons, Pomeroy’s Equity Jurisprudence § 1415, pp. 1065-1066 (5th ed. 1941); 1 G. Glenn, Fraudulent Conveyances and Preferences §26, p. 51 (rev. ed. 1940). It was well established, however, that, as a general rule, a creditor’s bill could be brought only by a creditor who had already obtained a judgment establishing the debt. See, e. g., Pusey & Jones Co. v. Hanssen, 261 U.S. 491, 497 (1923); Hollins v. Brierfield Coal & Iron Co., 150 U. S. 371, 378-379 (1893); Cates v. Allen, 149 U. S. 451, 457 (1893); National Tube Works Co. v. Ballou, 146 U. S. 517, 523-524 (1892); Scott v. Neely, 140 U. S. 106, 113 (1891); Smith v. Railroad Co., 99 U. S. 398, 401 (1879); Adler v. Fenton, 24 How. 407, 411-413 (1861); see also 4 Symons, supra, at 1067; 1 Glenn, supra, §9, at 11; F. Wait, Fraudulent Conveyances and Creditors’ Bills §73, pp. 110-111 (1884). The rule requiring a judgment was a product, not just of the procedural requirement that remedies at law had to be exhausted before equitable remedies could be pursued, but also of the substantive rule that a general creditor (one without a judgment) had no cognizable interest, either *320at law or in equity, in the property of his debtor, and therefore could not interfere with the debtor’s use of that property. As stated by Chancellor Kent: “The reason of the rule seems to be, that until the creditor has established his title, he has no right to interfere, and it would lead to an unnecessary, and, perhaps, a fruitless and oppressive interruption of the exercise of the debtor’s rights.” Wiggins v. Armstrong, 2 Johns. Ch. 144, 145-146 (N. Y. 1816). See also, e. g., Guaranty Trust Co., supra, at 106-107, n. 3; Pusey & Jones Co., supra, at 497; Cates, supra, at 457; Adler, supra, at 411-418; Shufeldt v. Boehm, 96 Ill. 560, 564 (1880); 1 Glenn, supra, § 9, at 11; Wait, supra, §52, at 81, §73, at 113.
The United States asserts that there were exceptions to the general rule requiring a judgment. The existence and scope of these exceptions is by no means clear.4 Cf. G. Glenn, The Rights and Remedies of Creditors Respecting Their Debtor’s Property §§21-24, pp. 18-21 (1915). Although the United States says that some of them “might have been relevant in a case like this one,” Brief for United States as Amicus Curiae 11, it chooses not to resolve (or argue definitively) whether any particular one would have been, id., at 12.5 For their part, as noted above, respondents *321do not discuss creditor’s bills at all. Particularly in the absence of any discussion of this point by the lower courts, we are not inclined to speculate upon the existence or applicability to this case of any exceptions, and follow the well-established general rule that a judgment establishing the debt was necessary before a court of equity would interfere with the debtor’s use of his property.
Justice Ginsburg concedes that federal equity courts have traditionally rejected the type of provisional relief granted in this case. See post, at 338 (opinion concurring in part and dissenting in part). She invokes, however, “the grand aims of equity,” and asserts a general power to grant relief whenever legal remedies are not “practical and efficient,” unless there is a statute to the contrary. Post, at 342 (internal quotation marks omitted). This expansive view of equity must be rejected. Joseph Story’s famous treatise reflects what we consider the proper rule, both with regard to the general role of equity in our “government of laws, not of men,” and with regard to its application in the very case before us:
“Mr. Justice Blackstone has taken considerable pains to refute this doctrine. ‘It is said,’ he remarks, ‘that it is the business of a Court of Equity, in England, to abate the rigor of the common law. But no such power is contended for. Hard was the ease of bond creditors, whose debtor devised away his real estate .... But a Court of Equity can give no relief....’ And illustrations of the same character may be found in every state of the Union. ... In many [States], if not in all, a debtor may prefer one creditor to another, in discharging his debts, whose assets are wholly insufficient to pay all the *322debts.” 1 Commentaries on Equity Jurisprudence § 12, pp. 14-15 (1886).
See also infra, at 332-833. We do not question the proposition that equity is flexible; but in the federal system, at least, that flexibility is confined within the broad boundaries of traditional equitable relief. To accord a type of relief that has never been available before — and especially (as here) a type of relief that has been specifically disclaimed by longstanding judicial precedent — is to invoke a “default rule,” post, at 342, not of flexibility but of omnipotence. When there are indeed new conditions that might call for a wrenching departure from past practice, Congress is in a much better position than we both to perceive them and to design the appropriate remedy. Despite Justice Gins-BURG’s allusion to the “increasing complexities of modern business relations,” post, at 337 (internal quotation marks omitted), and to the bygone “age of slow-moving capital and comparatively immobile wealth,” post, at 338, we suspect there is absolutely nothing new about debtors’ trying to avoid paying their debts, or seeking to favor some creditors over others — or even about their seeking to achieve these ends through “sophisticated... strategies,” ibid. The law of fraudulent conveyances and bankruptcy was developed to prevent such conduct; an equitable power to restrict a debtor’s use of his unencumbered property before judgment was not.
Respondents argue (supported by the United States) that the merger of law and equity changed the rule that a general creditor could not interfere with the debtor’s use of his property. But the merger did not alter substantive rights. “Notwithstanding the fusion of law and equity by the Rules of Civil Procedure, the substantive principles of Courts of Chancery remain unaffected.” Stainback, 336 U. S., at 382, n. 26. Even in the absence of historical support, we would not be inclined to believe that it is merely a question of procedure whether a person’s unencumbered assets can be *323frozen by general-creditor claimants before their claims have been vindicated by judgment. It seems to us that question goes to the substantive rights of all property owners. In any event it appears, as we have observed, that the rule requiring a judgment was historically regarded as serving, not merely the procedural end of assuring exhaustion of legal remedies (which the merger of law and equity could render irrelevant), but also the substantive end of giving the creditor an interest in the property which equity could then act upon. See supra, at 319-320.6
We note that none of the parties or amici specifically raised the applicability to this case of Federal Rule of Civil Procedure 18(b), which states:
‘^Whenever a claim is one heretofore cognizable only after another claim has been prosecuted to a conclusion, the two claims may be joined in a single action; but the court shall grant relief in that action only in accordance with the relative substantive rights of the parties. In particular, a plaintiff may state a claim for money and a claim to have set aside a conveyance fraudulent as to that plaintiff, without first having obtained a judgment establishing the claim for money.”
*324Because the Rule was neither mentioned by the lower courts nor briefed by the parties, we decline to consider its application to the present ease. We note, however, that it says nothing about preliminary relief, and specifically reserves substantive rights (as did the Rules Enabling Act, see 28 U. S. C. § 2072(b)).7
B
Respondents contend that two of our postmerger cases support the District Court’s order “in principle.” Brief for Respondents 22. We find both of these cases entirely consistent with the view that the preliminary injunction in this case was beyond the equitable authority of the District Court.
In Deckert v. Independence Shares Corp., 311 U. S. 282 (1940), purchasers of certificates that entitled the holders to invest in a trust of common stocks sued the company that sold the certificates and the company administering the trust, and related officers and affiliates, under the Securities Act of 1933, alleging that the sale was fraudulent. They further alleged that the company that sold the certificates was insolvent, that it was likely to make preferential payments to certain creditors, and that its assets were in danger of dissipation. They sought the appointment of a receiver and an injunction restraining the company administering the trust from transferring any assets of the corporations or of the trust. The District Court preliminarily enjoined the company from transferring a fixed sum. Id., at 285-286. *325After deciding that the Securities Act permitted equitable relief, we concluded that the bill stated a cause of action for the equitable remedies of rescission of the contracts and restitution of the consideration paid, id., at 287-288, and that the preliminary injunction “was a reasonable measure to preserve the status quo pending final determination of the questions raised by the bill,” id., at 290. Deckert is not on point here because, as the Court took pains to explain, “the bill state[d] a cause [of action] for equitable relief.” Id., at 288.
“The principal objects of the suit are rescission of the Savings Plan contracts and restitution of the consideration paid.... That a suit to rescind a contract induced by fraud and to recover the consideration paid may be maintained in equity, at least where there are circumstances making the legal remedy inadequate, is well established.” Id., at 289.
The preliminary relief available in a suit seeking equitable relief has nothing to do with the preliminary relief available in a creditor’s bill seeking equitable assistance in the collection of a legal debt.
In the second ease relied on by respondents, United States v. First Nat. City Bank, 379 U. S. 378 (1965), the United States, in its suit to enforce a tax assessment and tax lien, requested a preliminary injunction preventing a third-party bank from transferring any of the taxpayer’s assets which were held in a foreign branch office of the bank. Id., at 379-380. Relying on a statute giving district courts the power to grant injunctions “'necessary or appropriate for the enforcement of the internal revenue laws,’ ” id., at 380 (quoting former 26 U. S. C. § 7402(a) (1964 ed.)), we concluded that the temporary injunction was “appropriate to prevent further dissipation of assets,” 379 U. S., at 385. We stated that if a district court could not issue such an injunction, foreign taxpayers could avoid their tax obligations.
*326First National is distinguishable from the present ease on a number of grounds. First, of course, it involved not the Court’s general equitable powers under the Judiciary Act of 1789, but its powers under the statute authorizing issuance of tax injunctions.8 Second, First National relied in part on the doctrine that courts of equity will “ ‘go much farther both to give and withhold relief in furtherance of the public interest than they are accustomed to go when only private interests are involved,’ ” id., at 383 (quoting Virginian R. Co. v. Railway Employees, 300 U. S. 515, 552 (1937)). And finally, although the Court did not rely on this fact, the creditor (the Government) asserted an equitable lien on the property, see 379 U. S., at 379-380, which presents a different case from that of the unsecured general creditor.
That Deckert and First National should not be read as establishing the principle relied on by respondents is strongly suggested by De Beers Consol. Mines, Ltd. v. United States, 325 U. S. 212 (1945). In that case the United States brought suit against several corporations seeking equitable relief against alleged antitrust violations. The United States also sought a preliminary injunction restraining the defendants from removing their assets from this country pending adjudication of the merits. We concluded that the injunction was beyond the power of the District Court. We stated that “[a] preliminary injunction is always appropriate to grant intermediate relief of the same character as that which may be granted finally,” but that the injunction in that case dealt “with a matter lying wholly out*327side the issues in the suit.” Id., at 220. We pointed out that “Federal and State courts appear consistently to have refused relief of the nature here sought,” id., at 221, and we concluded:
“To sustain the challenged order would create a precedent of sweeping effect. This suit, as we have said, is not to be distinguished from any other suit in equity. What applies to it applies to all such. Every suitor who resorts to chancery for any sort of relief by injunction may, on a mere statement of belief that the defendant can easily make away with or transport his money or goods, impose an injunction on him, indefinite in duration, disabling him to use so much of his funds or property as the court deems necessary for security or compliance with its possible decree. And, if so, it is difficult to see why a plaintiff in any action for a personal judgment in tort or contract may not, also, apply to the chancellor for a so-called injunction sequestrating his opponent’s assets pending recovery and satisfaction of a judgment in such a law action. No relief of this character has been thought justified in the long history of equity jurisprudence.” Id., at 222-223.
The statements in the last two sentences, though dictum, confirms that the relief sought by respondents does not have a basis in the traditional powers of equity courts.
C
As further support for the proposition that the relief accorded here was unknown to traditional equity practice, it is instructive that the English Court of Chancery, from which the First Congress borrowed in conferring equitable powers on the federal courts, did not provide an injunctive remedy such as this -until 1975. In that year, the Court of Appeal decided Mareva Compania Naviera S. A. v. International *328Bulkcarriers S. A., 2 Lloyd’s Rep. 509.9 Mareva, although acknowledging that the prior case of Lister & Co. v. Stubbs, [1890] 45 Ch. D. 1 (C. A.), said that a court has no power to protect a creditor before he gets judgment,10 relied on a statute giving courts the authority to grant an interlocutory injunction ‘“in all eases in which it shall appear to the court to be just or convenient,' ” 2 Lloyd’s Rep., at 510 (quoting Judicature Act of 1925, Law Reports 1925 (2), 15 & 16 Geo. V, ch. 49, §45). It held (in the words of Lord Denning) that “[i]f it appears that the debt is due and owing — and there is a danger that the debtor may dispose of his assets so as to defeat it before judgment — the Court has jurisdiction in a proper case to grant an interlocutory judgment so as to prevent him [sic] disposing of those assets.” 2 Lloyd’s Rep., at 510. The Mareva injunction has now been confirmed by statute. See Supreme Court Act of 1981, § 37, 11 Halsbury’s Statutes 966, 1001 (1991 reissue).
Commentators have emphasized that the adoption of Mareva injunctions was a dramatic departure from prior practice.
"Before 1975 the courts would not grant an injunction to restrain a defendant from disposing of his assets pen-*329dente lite merely because the plaintiff feared that by the time he obtained judgment the defendant would have no assets against which execution could be levied. Applications for such injunctions were consistently refused in the English Commercial Court as elsewhere. They were thought to be so clearly beyond the powers of the court as to be ‘wholly unarguable.’ ” Hetherington, supra n. 9, at 3.
See also Wasserman, Equity Renewed: Preliminary Injunctions to Secure Potential Money Judgments, 67 Wash. L. Rev. 257, 337 (1992) (stating that Mareva “revolutionized English practice”). The Mareva injunction has been recognized as a powerful tool for general creditors; indeed, it has been called the “nuclear weapo[n] of the law.” R. Ough & W. Flenley, The Mareva Injunction and Anton Piller Order: Practice and Precedents xi (2d ed. 1993).
The parties debate whether Mareva was based on statutory authority or on inherent equitable power. See Brief for Petitioners 17, n. 8; Brief for Respondents 35-36. Regardless of the answer to this question, it is indisputable that the English courts of equity did not actually exercise this power until 1975, and that federal courts in this country have traditionally applied the principle that courts of equity will not, as a general matter, interfere with the debtor’s disposition of his property at the instance of a nonjudgment creditor. We think it incompatible with our traditionally cautious approach to equitable powers, which leaves any substantial expansion of past practice to Congress, to decree the elimination of this significant protection for debtors.
IV
The parties and amici discuss various arguments for and against creating the preliminary injunctive remedy at issue in this ease. The United States suggests that the factors supporting such a remedy include
*330“simplicity and uniformity of procedure; preservation of the court’s ability to render a judgment that will prove enforceable; prevention of inequitable conduct on the part of defendants; avoiding disparities between defendants that have assets within the jurisdiction (which would be subject to pre-judgment attachment 'at law’) and those that do not; avoiding the necessity for plaintiffs to locate a forum in which the defendant has substantial assets; and, in an age of easy global mobility of capital, preserving the attractiveness of the United States as a center for financial transactions.” Brief for United States as Amicus Curiae 16.
But there are weighty considerations on the other side as well, the most significant of which is the historical principle that before judgment (or its equivalent) an unsecured creditor has no rights at law or in equity in the property of his debtor. As one treatise writer explained:
“A rule of procedure which allowed any prowling creditor, before his claim was definitely established by judgment, and without reference to the character of his demand, to file a bill to discover assets, or to impeach transfers, or interfere with the business affairs of the alleged debtor, would manifestly be susceptible of the grossest abuse. A more powerful weapon of oppression could not be placed at the disposal of unscrupulous litigants.” Wait, Fraudulent Conveyances §73, at 110-111.
The requirement that the creditor obtain a prior judgment is a fundamental protection in debtor-creditor law — rendered all the more important in our federal system by the debtor’s right to a jury trial on the legal claim. There are other factors which likewise give us pause: The remedy sought here could render Federal Rule of Civil Procedure 64, which authorizes use of state prejudgment remedies, a virtual irrelevance. Why go through the trouble of complying with local *331attachment and garnishment statutes when this all-purpose prejudgment injunction is available? .More importantly, by adding, through judicial fiat, a new and powerful weapon to the creditor’s arsenal, the new rule could radically alter the balance between debtor’s and creditor’s rights which has been developed over centuries through many laws— including those relating to bankruptcy, fraudulent conveyances, and preferences. Because any rational creditor would want to protect his investment, such a remedy might induce creditors to engage in a “race to the courthouse” in cases involving insolvent or near-insolvent debtors, which might prove financially fatal to the struggling debtor. (In this case, we might observe, the respondents did not represent all of the holders of the Notes; they were an active few who sought to benefit at the expense of the other noteholders as well as GMD’s other creditors.11) It is significant that, in England, use of the Mareva injunction has expanded rapidly. “Since 1975, the English courts have awarded Mareva injunctions to freeze assets in an ever-increasing set of circumstances both within and beyond the commercial setting to an ever-expanding number of plaintiffs.” Wasserman, supra, at 389. As early as 1984, one observer stated that “[t]here are now a steady flow of such applications to our Courts which have been estimated to exceed one thou*332sand per month.” Shenton, Attachments and Other Interim Court Remedies in Support of Arbitration, 1984 Int’l Bus. Law. 101, 104.
We do not decide which side has the better of these arguments. We set them forth only to demonstrate that resolving them in this forum is incompatible with the democratic and self-deprecating judgment we have long since made: that the equitable powers conferred by the Judiciary Act of 1789 did not include the power to create remedies previously unknown to equity jurisprudence. Even when sitting as a court in equity, we have no authority to craft a “nuclear weapon” of the law like the one advocated here. Joseph Story made the point many years ago:
“If, indeed, a Court of Equity in England did possess the unbounded jurisdiction, which has been thus generally ascribed to it, of correcting, controlling, moderating, and even superceding the law, and of enforcing all the rights, as well as charities, arising from natural law and justice, and of freeing itself from all regard to former rules and precedents, it would be the most gigantic in its sway, and the most formidable instrument of arbitrary power, that could well be devised. It would literally place the whole rights and property of the community under the arbitrary will of the Judge, acting, if you please, arbitrio boni judiéis, and it may be, ex aequo et bono, according to his own notions and conscience; but still acting with a despotic and sovereign authority. A Court of Chancery might then well deserve the spirited rebuke of Seldon; ‘For law we have a measure, and know what to trust to — Equity is according to the conscience of him, that is Chancellor; and as that is larger, or narrower, so is Equity. ’T is all one, as if they should make the standard for the measure the Chancellor’s foot. What an uncertain measure would this be? One Chancellor has a long foot; another a short foot; a third an indifferent foot. It *333is the same thing with the Chancellor’s conscience.’ ” Commentaries on Equity Jurisprudence § 19, at 21.
The debate concerning this formidable power over debtors should be conducted and resolved where such issues belong in our democracy: in the Congress.
* * *
Because such a remedy was historically unavailable from a court of equity, we hold that the District Court had no authority to issue a preliminary injunction preventing petitioners from disposing of their assets pending adjudication of respondents’ contract claim for money damages. We reverse the judgment of the Second Circuit and remand the ease for further proceedings consistent with this opinion.
It is so ordered.
Justice Ginsburg, with whom Justice Stevens, Justice Souter, and Justice Breyer join, concurring in part and dissenting in part.
I
Uncontested evidence presented to the District Court at the preliminary injunction hearing showed that petitioner Grupo Mexicano de Desarrollo, S. A. (GMD), had defaulted on its contractual obligations to respondents, a group of GMD noteholders (Alliance), see App. to Pet. for Cert. 24a, 31a, that Alliance had satisfied all conditions precedent to its breach of contract claim, see id., at 25a, and that GMD had no plausible defense on the merits, see id., at 25a, 36a. Alliance also demonstrated that GMD had undertaken to treat Alliance’s claims on the same footing as all other unsecured, unsubordinated debt, see id., at 24a, but that GMD was in fact satisfying Mexican creditors to the exclusion of Alliance, id., at 26a. Furthermore, unchallenged evidence indicated that GMD was so rapidly disbursing its sole remaining asset that, absent provisional action by the District Court, Alli*334ance would have been unable to collect on the money judgment for which it qualified. See id., at 26a, 32a.1
Had it been possible for the District Judge to set up “a pie-powder court ... on the instant and on the spot,” Parks v. Boston, 32 Mass. 198, 208 (1834) (Shaw, C. J.), the judge could have moved without pause from evidence taking to entry of final judgment for Alliance, including an order prohibiting GMD from transferring assets necessary to satisfy the judgment. Lacking any such device for instant adjudication, the judge employed a preliminary injunction “to preserve the relative positions of the parties until a trial on the merits [could] be held.” University of Texas v. Camenisch, 451 U. S. 390, 395 (1981). The order enjoined GMD from distributing assets likely to be necessary to satisfy the judgment in the instant case, but gave Alliance no security interest in GMD’s assets, nor any preference relative to GMD’s other creditors. Moreover, the injunction expressly reserved to GMD the option of commencing proceedings under the bankruptcy laws of Mexico or the United States. App. to Pet. for Cert. 27a. In addition, the District Judge recorded his readiness to modify the interim order if necessary to keep GMD in business. See id., at 53a. The preliminary injunction thus constrained GMD only to the extent essential to the subsequent entry of an effective judgment.
The Court nevertheless disapproves the provisional relief ordered by the District Court, holding that a preliminary injunction freezing assets is beyond the equitable authority of the federal courts. I would not so disarm the district *335courts. As I comprehend the courts’ authority, injunctions of this kind, entered in the circumstances presented here, are within federal equity jurisdiction. Satisfied that the injunction issued in this ease meets the exacting standards for preliminary equitable relief, I would affirm the judgment of the Second Circuit.2
II
The Judiciary Act of 1789 gave the lower federal courts jurisdiction over “all suits ... in equity.” § 11, 1 Stat. 78. We have consistently interpreted this jurisdictional grant to confer on the district courts “authority to administer ... the principles of the system of judicial remedies which had been devised and was being administered” by the English High Court of Chancery at the time of the founding. Atlas Life Ins. Co. v. W. I. Southern, Inc., 306 U. S. 563, 568 (1939).
As I see it, the preliminary injunction ordered by the District Court was consistent with these principles. We long ago recognized that district courts properly exercise their equitable jurisdiction where “the remedy in equity could alone furnish relief, and ... the ends of justice requir[e] the injunction to be issued.” Watson v. Sutherland, 5 Wall. 74, 79 (1867). Particularly, district courts enjoy the “historic federal judicial discretion to preserve the situation [through provisional relief] pending the outcome of a case lodged in court.” 11A C. Wright, A. Miller, & M. Kane, Federal Practice and Procedure § 2943, p. 79 (2d ed. 1995). The District Court acted in this case in careful accord with these prescriptions, issuing the preliminary injunction only upon well-supported findings that Alliance had “[no] adequate remedy at law,” would be “frustrated” in its ability to recover a judgment absent interim injunctive relief, and was *336“almost certain” to prevail on the merits. App. to Pet. for Cert. 26a.3
The Court holds the District Court’s preliminary freeze order impermissible principally because injunctions of this kind were not “traditionally accorded by courts of equity” at the time the Constitution was adopted. Ante, at 319; see ante, at 333. In my view, the Court relies on an unjustifiably static conception of equity jurisdiction. From the beginning, we have defined the scope of federal equity in relation to the principles of equity existing at the separation of this country from England, see, e. g., Payne v. Hook, 7 Wall. 425, 430 (1869); Gordon v. Washington, 295 U. S. 30, 36 (1935); we have never limited federal equity jurisdiction to the specific practices and remedies of the pre-Revolutionary Chancellor.
Since our earliest eases, we have valued the adaptable character of federal equitable power. See Seymour v. Freer, 8 Wall. 202, 218 (1869) (“[A] court of equity ha[s] unquestionable authority to apply its flexible and comprehensive jurisdiction in such manner as might be necessary to the right administration of justice between the parties.”); Hecht Co. v. Bowles, 321 U. S. 321, 329 (1944) (“Flexibility rather than rigidity has distinguished [federal equity jurisdiction].”). We have also recognized that equity must evolve over time, “in order to meet the requirements of every case, and to satisfy the needs of a progressive social condition in which new primary rights and duties are constantly arising and new kinds of wrongs are constantly committed.” Union Pacific R. Co. v. Chicago, R. I. & P. R. Co., 163 U. S. 564, *337601 (1896) (internal quotation marks omitted); see also 1 S. Symons, Pomeroy’s Equity Jurisprudence §67, p. 89 (5th ed. 1941) (the “American system of equity is preserved and maintained ... to render the national jurisprudence as a whole adequate to the social needs .... [I]t possesses an inherent capacity of expansion, so as to keep abreast of each succeeding generation and age.”). A dynamic equity jurisprudence is of special importance in the commercial law context. As we observed more than a century ago: “It must not be forgotten that in the increasing complexities of modern business relations equitable remedies have necessarily and steadily been expanded, and no inflexible rule has been permitted to circumscribe them.” Union Pacific R. Co., 163 U. S., at 600-601. On this understanding of equity’s character, we have upheld diverse injunctions that would have been beyond the contemplation of the 18th-century Chancellor.4
Compared to many contemporary adaptations of equitable remedies, the preliminary injunction Alliance sought in this ease was a modest measure. In operation, moreover, the preliminary injunction to freeze assets pendente lite may be a less heavy-handed remedy than prejudgment attachment, *338which deprives the defendant of possession and use of the seized property. See Wasserman, Equity Renewed: Preliminary Injunctions to Secure Potential Money Judgments, 67 Wash. L. Rev. 257, 281-282, 323-324 (1992). Taking account of the office of equity, the facts of this case, and the moderate, status quo preserving provisional remedy, I am persuaded that the District Court acted appropriately.5
I do not question that equity courts traditionally have not issued preliminary injunctions stopping a party sued for an unsecured debt from disposing of assets pending adjudication. (As the Court recognizes, however, see ante, at 319-321, the historical availability of prejudgment freeze injunctions in the context of creditors’ bills remains cloudy) But it is one thing to recognize that equity courts typically did not provide this relief, quite another to conclude that, therefore, the remedy was beyond equity’s capacity. I would not draw such a conclusion.
Chancery may have refused to issue injunctions of this sort simply because they were not needed to secure a just result in an age of slow-moving capital and comparatively immobile wealth. By turning away eases that the law courts could deal with adequately, the Chancellor acted to reduce the tension inevitable when justice was divided between two discrete systems. See Wasserman, supra, at 319. But as the facts of this case so plainly show, for creditors situated as Alliance is, the remedy at law is worthless absent the provisional relief in equity’s arsenal. Moreover, increasingly sophisticated foreign-haven judgment proofing strategies, coupled with technology that permits the nearly instan*339taneous transfer of assets abroad, suggests that defendants may succeed in avoiding meritorious claims in ways unimaginable before the merger of law and equity. See LoPucki, The Death of Liability, 106 Yale L. J. 1, 32-38 (1996). I am not ready to say a responsible Chancellor today would deny Alliance relief on the ground that prior case law is unsupportive.
The development of Mareva injunctions in England after 1975 supports the view of the lower courts in this case, a view to which I adhere. As the Court observes, see ante, at 327-329, preliminary asset-freeze injunctions have been available in English courts since the 1975 Court of Appeal decision in Mareva Compañía Naviera S. A v. International Bulkcarriers S. A., 2 Lloyd's Rep. 509. Although the cases reveal some uncertainty regarding Mareva’s jurisdictional basis, the better-reasoned and more recent decisions ground Mareva in equity’s traditional power to remedy the “abuse” of legal process by defendants and the “injustice” that would result from defendants “making themselves judgment-proof” by disposing of their assets during the pendency of litigation. Iraqi Ministry of Defence v. Arcepey Shipping Co., 1 All E. R. 480, 484-487 (1979) (citations omitted); see Hetherington, Introduction to the Mareva Injunction, in Mareva Injunctions 1, 10-13, and n. 95, 20 (M. Hetherington ed. 1983) (explaining the doctrinal basis of this jurisdictional theory and citing cases adopting it). That grounding, in my judgment, is secure.
III
A
The Court worries that permitting preliminary injunctions to freeze assets would allow creditors, “ ‘on a mere statement of belief that the defendant can easily make away with or transport his money or goods, [to] impose an injunction on him, indefinite in duration, disabling him to use so much of his fluids or property as the court deems necessary for secu*340rity or compliance with its possible decree.’” Ante, at 327 (quoting De Beers Consol. Mines, Ltd. v. United States, 325 U. S. 212, 222 (1945)). Given the strong showings a creditor would be required to make to gain the provisional remedy, and the safeguards on which the debtor could insist, I agree with the Second Circuit “that this ‘parade of horribles’ [would] not come to pass.” 143 F. 3d 688, 696 (1998).
Under standards governing preliminary injunctive relief generally, a plaintiff must show a likelihood of success on the merits and irreparable injury in the absence of an injunction. See Doran v. Salem Inn, Inc., 422 U. S. 922, 931 (1975). Plaintiffs with questionable claims would not meet the likelihood of success criterion. See 11A Wright, Miller, & Kane, Federal Practice and Procedure §2948.3, at 184-188 (as a general rule, plaintiff seeking preliminary injunction must demonstrate a reasonable probability of success). The irreparable injury requirement would not be met by unsubstantiated allegations that a defendant may dissipate assets. See id., §2948.1, at 153 (“Speculative injury is not sufficient.”); see also Wasserman, 67 Wash. L. Rev., at 286-305 (discussing application of traditional preliminary injunction requirements to provisional asset-freeze requests). As the Court of Appeals recognized, provisional freeze orders would be appropriate in damages actions only upon a finding that, without the freeze, “the movant would be unable to collect [a money] judgment.” 143 F. 3d, at 697. The preliminary asset-freeze order, in short, would rank and operate as an extraordinary remedy.
Federal Rule of Civil Procedure 65(e), moreover, requires a preliminary injunction applicant to post a bond “in such sum as the court deems proper, for the payment of such costs and damages as may be incurred or suffered by any party who is found to have been wrongfully enjoined.” As an essential condition for a preliminary freeze order, a district court could demand sufficient security to ensure a remedy for wrongly enjoined defendants. Furthermore, it would be *341incumbent on a district court to "match the scope of its injunction to the most probable size of the likely judgment,” thereby sparing the defendant from undue hardship. See Hoxworth v. Blinder, Robinson & Co., 903 F. 2d 186, 199 (CA3 1990); cf. App. to Pet. for Cert. 53a (District Court expressed readiness to modify the preliminary injunction if necessary to GMD’s continuance in business).
The protections in place guard against any routine or arbitrary imposition of a preliminary freeze order designed to stop the dissipation of assets that would render a court’s judgment worthless. Cf. ante, at 327, 332-333. The ease we face should be paradigmatic. There was no question that GMD’s debt to Alliance was due and owing. And the short span — less than four months — between preliminary injunction and summary judgment shows that the temporary restraint on GMD did not linger beyond the time necessary for a fair and final adjudication in a busy but efficiently operated court. Absent immediate judicial action, Alliance would have been left with a multimillion dollar judgment on which it could collect not a penny.6 In my view, the District Court properly invoked its equitable power to avoid that manifestly unjust result and to protect its ability to render an enforceable final judgment.
At the hearing on the preliminary injunction, the District Judge asked: “We have got a case where there is no defense *342presented, why shouldn’t I be able to provide [Alliance] with [injunctive] relief?” App. to Pet. for Cert. 34a. Why, the District Judge asked, should GMD be allowed “to use the process of the court to delay entry of a judgment as to which there is no defense? Why is that equitable?” Id., at 36a. The Court gives no satisfactory answer.
B
Contrary to the Court’s suggestion, see ante, at 832, this case involves no judicial usurpation of Congress’ authority. Congress, of course, can instruct the federal courts to issue preliminary injunctions freezing assets pending final judgment, or instruct them not to, and the courts must heed Congress’ command. See Guaranty Trust Co. v. York, 326 U. S. 99, 105 (1945) (“Congressional curtailment of equity powers must be respected.”). Indeed, Congress has restricted the equity jurisdiction of federal courts in a variety of contexts. See Yakus v. United States, 321 U. S. 414, 442, n. 8 (1944) (cataloging statutes regulating federal equity power).
The Legislature, however, has said nothing about preliminary freeze orders. The relevant question, therefore, is whether, absent congressional direction, the general equitable powers of the federal courts permit relief of the kind fashioned by the District Court. I would find the default rule in the grand aims of equity. Where, as here, legal remedies are not “practical and efficient,” Payne, 7 Wall., at 431, the federal courts must rely on their “flexible jurisdiction in equity ... to protect all rights and do justice to all concerned,” Rubber Co. v. Goodyear, 9 Wall. 788, 807 (1870). No countervailing precedent or principle holds the federal courts powerless to prevent a defendant from dissipating assets, to the destruction of a plaintiff’s claim, during the course of judicial proceedings. Accordingly, I would affirm the judgment of the Court of Appeals and uphold the District Court’s preliminary injunction.
2.6 Comcast of Illinois X, LLC v. Till 2.6 Comcast of Illinois X, LLC v. Till
COMCAST OF ILLINOIS X, LLC, an Illinois Limited Liability Company, Plaintiff, v. Bradley S. TILL, individually and d/b/a EZ Discount Stores, Inc., a dissolved Wisconsin corporation d/b/a EZ Discount Stores a/k/a ezdiscount-store.com a/k/a hot-gadgets.com, Defendants.
No. 03-C-1044.
United States District Court, E.D. Wisconsin.
Nov. 17, 2003.
*937Maureen A. Beck, Jeffrey R. Platt, Co-man & Anderson PC, Naperville, IL, Lee M. Seese, Cook & Franke, Milwaukee, WI, for Plaintiff.
DECISION AND ORDER
Plaintiff, Comcast of Illinois X, LLC, brings this action against defendant, Bradley S. Till, alleging violations of several federal statutes, including section 553 of the Cable Communications Policy Act. Plaintiff alleges that defendant distributes a variety of gadgets including devices that de-scramble or decode cable television services, and thereby enable parties to view programs without paying for them. Plaintiff has proceeded ex parte and now seeks a temporary restraining order (“TRO”), which, among other things, would authorize plaintiffs agents, with the assistance of *938federal marshals, to enter defendant’s home and seize his business records and any decoders on the premises. Plaintiff also seeks a preliminary injunction, expedited discovery, a freeze of defendant’s assets, and an accounting of his income from the sale of the decoders.
I. FACTS
Plaintiff operates cable television systems in Wisconsin and other states. To prevent unauthorized viewing of its program offerings, plaintiff encodes or scrambles them and provides each subscriber with a converter that descrambles the programs that the customer purchases.
In the spring of 2001, John Schramm, an investigator employed by plaintiff, discovered a website operated by defendant that offered for sale devices that decode cable television programs (“decoders”). Defendant, who operates a business out of his home in Brown Deer, Wisconsin, advertised that his company, Hot-Gadgets.com, was a leading supplier of “non-addressable” and “bulletproof’ decoders. A non-addressable decoder is one that cannot be tracked by a cable company, and a bulletproof decoder is immune to electronic security countermeasures. The sale of such decoders is illegal if the seller intends that they be used to intercept cable television signals without authorization from the cable company. See 47 U.S.C. § 553(a). Besides decoders, defendant sells a variety of other products over his website, all of them apparently legal.
When he discovered defendant’s website, Schramm, using an alias, ordered a decoder from defendant. Shortly thereafter, a package arrived C.O.D. at plaintiffs headquarters in Chicago. However, because Schramm’s alias was unfamiliar to the receptionist, she declined to accept delivery. Schramm subsequently inquired about his order, and defendant advised him that delivery had been refused. Schramm did not pursue the matter further at that time.
In June 2003, Schramm, again using an alias, ordered another decoder from defendant and enclosed payment in the form of a money order. Several days later, defendant endorsed the money order and sent Schramm the decoder. The decoder enabled Schramm to view all of plaintiffs scrambled premium and pay-per-view channels.
Approximately four months later, plaintiff commenced the present action.
II. STANDARDS GOVERNING ISSUANCE OF EX PARTE TRO
Plaintiff seeks a TRO ex parte, arguing that it would suffer irreparable harm if defendant received notice of the suit before the requested relief was ordered. In the absence of specific statutory authorization, the only basis for providing ex parte injunctive relief is Fed.R.Civ.P. 65(b). First Tech. Safety Sys., Inc. v. Depinet, 11 F.3d 641, 649-50 (6th Cir.1993). Plaintiff initially argued that the relief sought was available under § 553(c)(1) of the Cable Communications Policy Act, and § 1203(b)(2) of the Digital Millennium Copyright Act. However, at the hearing on the TRO, plaintiff conceded that neither § 553(c)(1) or § 1203(b)(2) authorized all of the relief it requested and stated that it relied primarily on Rule 65(b).
Rule 65(b) authorizes a court to issue a TRO ex parte only if it clearly appears that the plaintiff will suffer irreparable injury before the adverse party can be heard.1 This stringent restriction on the availability of ex parte TROs “re-*939flect[s] the fact that our entire jurisprudence runs counter to the notion of court action taken before reasonable notice and an opportunity to be heard has been granted to both sides of a dispute.” Granny Goose Foods, Inc. v. Brotherhood of Teamsters & Auto Truck Drivers Local No. 70 of Alameda County, 415 U.S. 423, 438-39, 94 S.Ct. 1113, 39 L.Ed.2d 435 (1974). It also underscores that the purpose of a TRO is to preserve the status quo and prevent irreparable harm “just so long as is necessary to hold a hearing, and no longer.” Id. at 439, 94 S.Ct. 1113.
A court may order a seizure ex parte only if providing notice to the defendant “would render fruitless the further prosecution of the action.” Am. Can Co. v. Mansukhani, 742 F.2d 314, 322 (7th Cir.1984); see also Depinet, 11 F.3d at 650; In re Vuitton et Fils S.A., 606 F.2d 1, 5 (2d Cir.1979). The plaintiff must demonstrate that the order is necessary to preserve evidence and, even then, the order must be of very limited scope and brief duration. Am. Can Co., 742 F.2d at 323. The plaintiff must also show that less intrusive means of protecting its interests such as an ex parte order enjoining the destruction or transfer of evidence are unavailable. Id. In other words, the plaintiff must show that the defendant is likely to disobey a court order to preserve evidence until a full hearing can be held. Id. at 323-24. In the present case, plaintiff argues that if it notified defendant of the suit before executing a seizure, defendant would likely secrete or destroy his business records, transfer any decoders that he possesses to others and hide his illicit profits. Plaintiff states that this would make it more difficult to prove the full extent of the relief to which it is entitled.
III. DISCUSSION
Plaintiff requests orders: (1) restraining defendant from advertising and selling decoders; (2) further restraining him from secreting or destroying evidence such as business records and from transferring to others any decoders that he possesses; (3) freezing his assets; (4) authorizing plaintiff, with the assistance of federal marshals, to enter defendant’s home, by force if necessary, and seize the business records and decoders found there; (5) requiring defendant to immediately disclose any other location where business records and decoders may be found; and (6) granting expedited discovery. As explained below, I conclude that only orders restraining defendant from destroying evidence or disposing of or transferring assets and allowing expedited discovery are warranted.
First, I conclude that plaintiff has not presented sufficient evidence that it will suffer irreparable harm if defendant is not immediately restrained from advertising and selling decoders on his website. Plaintiff discovered defendant’s activities over two and a half years ago but did not investigate the matter at that time. More recently, even after confirming that defendant was likely engaging in illegal activity, plaintiff waited almost four months to commence an action. Thus, plaintiffs assertion that it will suffer irreparable harm if I do not shut down defendant’s business pri- or to a contested hearing, which can be held in a few days, is unconvincing. Additionally, plaintiff has not shown why it is necessary to shut down defendant’s business without giving him notice of plaintiffs suit and an opportunity to be heard. Nothing that defendant might do between now and the hearing date could prevent me from ordering him not to sell decoders. See Am. Can Co., 742 F.2d at 322-23. Moreover, defendant will be ordered not to destroy evidence and to retain records of any sales of decoders made between the date of this order and the date of the hearing.
Second, plaintiff has not demonstrated that it is necessary to issue an ex *940parte order authorizing plaintiffs agents to enter defendant’s home and seize his records and property. As previously noted, I may grant such an order only upon a showing that the failure to do so would render fruitless the further prosecution of this action. To satisfy this requirement, plaintiff must show either that the defendant has a history of violating court orders or destroying evidence or that persons similar to him have such a history. Depinet, 11 F.3d at 651.
Plaintiff presents no evidence that defendant has violated court orders or destroyed evidence, but does show that other sellers of decoders have done so. Reported cases also describe such conduct. See Century ML-Cable Corp. v. Carrillo, 43 F.Supp.2d 176, 181 (D.P.R.1998) (indicating that defendant destroyed computers and sales records in violation of TRO); MediaOne of Del., Inc. v. E & A Beepers, 43 F.Supp.2d 1348, 1352 (S.D.Fla.1998) (stating that defendants withdrew $130,000 from accounts after learning of asset freeze); Intermedia Partners S.E. v. QB Distrib., L.L.C., 999 F.Supp. 1274, 1283 (D.Minn.1998) (finding that defendant manufacturer and distributor of decoders had history of destroying records of sales and customers); Time Warner Cable of N.Y. City v. U.S. Cable T.V., Inc., 920 F.Supp. 321, 324-31 (E.D.N.Y.1996) (documenting defendants’ violation of court order and attempt to transfer business to another seller).
However, plaintiff acknowledges that the defendant in the present case is different from the other sellers of decoders that it has pursued in that he uses his real name and address in conducting business. His website is registered in his real name, and he ships products from his real address. Thus, it is clear that defendant is doing business openly and not attempting to avoid detection. Defendant also appears to differ from other sellers of decoders in that he sells numerous other apparently legal products and operates his business out of his home. These facts suggest that defendant may believe that his conduct is lawful and also that he may be less likely than many other defendants to disobey a court order.
Further, even if plaintiff had established that defendant was likely to violate a court order by destroying evidence, plaintiff has not shown that such conduct would render fruitless further prosecution of this action. Plaintiff possesses evidence that defendant advertised and sold decoders. This evidence would likely be sufficient to establish liability. Plaintiff argues that if defendant destroyed his records, plaintiff could not establish all of defendant’s illegal sales and thus the full amount of damages available to it. However, even if plaintiff can prove only one unlawful sale, defendant could be liable for damages of up to $60,000. See §§ 553(c)(3)(A)(ii) and 553(c)(3)(B) (providing that an aggrieved party can recover statutory damages up to $10,000 for violations of § 553(a) and that the award may be increased by the court up to $50,000 if the violation was willful and committed for purposes of commercial advantage or private financial gain). Thus, plaintiff has not shown that in the absence of a seizure, further prosecution of this action will be fruitless.
Further, an ex parte seizure order is too drastic a remedy to employ simply to enable a party to recover evidence that will make it easier to prove damages.2 Ex *941parte orders should be avoided if at all possible. See Am. Can Co., 742 F.2d at 324 (noting that “[a] temporary injunction can be an extremely powerful weapon, and when such an order is issued ex parte, the dangers of abuse are great”). And a seizure order is a particularly drastic form of ex parte relief because it implicates rights protected by the Fourth Amendment.3 See Adobe Sys., Inc. v. S. Sun Prods., Inc., 187 F.R.D. 636, 639 (S.D.Cal.1999). Seizure is an even more drastic form of relief in the present case because it would involve entry into a home. “Physical entry of the home is the chief evil against which the wording of the Fourth Amendment is directed.” Payton v. New York, 445 U.S. 573, 585, 100 S.Ct. 1371, 63 L.Ed.2d 639 (1980) (internal quotation marks and citation omitted); see also Time Warner Entm’t Co. v. Does Nos. 1-2, 876 F.Supp. 407, 413 n. 7 (E.D.N.Y.1994); Paramount Pictures Corp. v. Doe, 821 F.Supp. 82, 91 (E.D.N.Y.1993). In the present case, there is insufficient basis for authorizing plaintiffs agents to enter defendant’s home, by force if necessary, and seize virtually any property they deem relevant.4
Moreover, the requested seizure implicates the Fifth Amendment as well as the Fourth. In order to ensure that the seizure is effective, plaintiff asks that defendant be compelled to disclose to it the location of any records pertaining to the sale of decoders and the location of any unsold decoders.5 Because the statutes pursuant to which this suit was filed also contain criminal penalties, see, e.g., 47 U.S.C. § 553(b), defendant would be entitled to invoke his Fifth Amendment privilege against self-incrimination and refuse to provide the information that the proposed order, on pain of contempt, purports to require. As at least one court has recognized, such an order is inconsistent with an individual’s constitutional right to refuse to produce self-incriminating information. See Suppressed v. Suppressed, 109 F.Supp.2d 902, 905 (N.D.Ill.2000). When confronted with a court order compelling the disclosure of information, an ordinary citizen may not understand that he or she may remain silent. See id. (noting that, despite advice to the contrary, ordinary citizen may not understand that he may refuse to disclose information despite court order compelling him to do so).
Thus, weighing the due process concerns underlying the long-standing judicial reluctance to issue ex parte orders, as well as the Fourth and Fifth Amendment implications of the order requested, against the relatively slight risk that defendant will violate the court’s order and the relatively small amount of harm that plaintiff would suffer in the event of a violation, I decline to grant a seizure order ex parte. However, because plaintiff has shown that some sellers of decoders have destroyed evidence and secreted assets, I will order defendant to preserve all of his business records relating to the sale of *942decoders as well as any decoders that he presently possesses. Because defendant’s assets may have resulted from the profits of unlawful sales, I will further restrain him from disposing of or otherwise secreting any of his assets pending a hearing on plaintiffs request for relief.6 If defendant ignores these restraints and/or destroys evidence or secretes assets, he will be subject to criminal contempt proceedings and possible imprisonment. I will also grant plaintiffs request for expedited discovery. I conclude that a TRO containing the foregoing provisions but not authorizing a seizure strikes the proper balance between protecting plaintiffs right to prosecute this lawsuit and the constitutional rights implicated by the requested relief.
ORDER
For the stated reasons,
IT IS ORDERED that plaintiffs ex parte motion for temporary relief is GRANTED IN PART and DENIED IN PART.
IT IS FURTHER ORDERED that the defendant, defendant’s agents, employees, and any business entities and/or persons controlled by defendant are hereby:
1.Enjoined and restrained from the transfer or movement of cable television decoding devices and related equipment, with such equipment including but not limited to cable television decoders, converters (if modified so as to be capable of decoding scrambled cable transmissions, or if connected to other decoding equipment described herein), de-scramblers, descrambling cubes or “programmers,” converter-decoder combination units, integrated circuits, quick boards, smart boards, test kits, chips, E proms and circuit boards (hereinafter “Decoding Devices”). Defendant will be permitted to continue selling Decoding Devices in the ordinary course of his business pending a hearing on plaintiffs motion for a preliminary injunction; however, plaintiff is restrained from selling all or substantially all of his inventory of Decoding Devices to other individuals or entities in an effort to conceal such Devices, and defendant is ordered to retain any records pertaining to any sale of Decoding Devices he may make between the date of this order and the hearing on the preliminary injunction;
2. Restrained and enjoined from destroying, altering, removing or secreting any of the defendant’s books and records, including but not limited to invoices, purchase orders, receipts, banking records, safe deposit box records, investment records, insurance policies, shipping labels, or tax returns, including all records stored on computer discs or tapes or within computer terminals, hard drives, servers or otherwise, which contain any information whatsoever concerning the business or finances of the defendant or otherwise reflect transactions of any kind involving Decoding Devices;
3. Restrained from transferring, removing, encumbering or permitting the withdrawal of any assets or property, in-*943eluding the contents of any safe deposit boxes, presently or formerly belonging to the defendant, jointly or severally, whether real or personal, tangible or intangible, including but not limited to cash, bank accounts of any kind, stock and bond accounts, and title to defendant’s property.
IT IS FURTHER ORDERED that plaintiff is granted expedited discovery from defendant, any of defendant’s accountants and other agents or persons acting on defendant’s behalf, and any electronic mail or Internet service providers regarding defendant’s decoder sales business, and the location, nature and amount of defendant’s assets, including discovery of business records, banking records and invoices, including all records stored on computer terminals, servers, hard drives, disks or tape or otherwise, regarding the purchase, sale, modification, storage and distribution of and payment for cable television Decoding Devices and related equipment by or from defendant or any of defendants’ agents, employees, servants, successors, assigns or any person and/or entity acting directly or indirectly on defendant’s behalf. This expedited discovery shall include depositions, interrogatories, requests for admissions, production of documents, and service of subpoenas pursuant to Fed.R.Civ.P. 30, 33, 34, 36 and 45.
IT IS FURTHER ORDERED that, pursuant to Fed.R.Civ.P. 65, the plaintiff shall file a bond with the Clerk of Court in the amount of $2,000 should it be determined that the plaintiff is not entitled to the relief set forth in this order.
IT IS FURTHER ORDERED that the temporary restraining order as described herein shall enter, once signed and the bond requirement is in place, by its terms expire after such time of entry not to exceed ten (10) days, unless for good cause shown it is extended. Plaintiff shall satisfy the bond requirement herein by filing with the Clerk a Notice of Filing and a copy of bond issued that shall also be served upon defendant at the time the provisions of this order are carried out. Upon receipt of the original bond issued, plaintiff shall file same with the Clerk.
IT IS FURTHER ORDERED that defendant appear at a telephonic status conference held by Magistrate Judge Patricia J. Gorence on November 25, 2003, at 10:00 a.m. The court will initiate the call. Defendant is ordered to contact Deputy Clerk Christine Stanton at (414) 297-1835 by 12:00 noon on November 24, 2003 and provide the court with a telephone number at which he can be reached.
FINALLY, IT IS ORDERED that the file -in this case shall remain sealed except for this decision and order until the defendant, is served with a copy of this decision and order, at which time this case will no longer be sealed.