Is disgorgement still permissible in an SEC federal court action after Liu v SEC?
Posted On Wednesday, July 8, 2020 At 2:37PM
By: Lourdes Sánchez Ridge
By: Lourdes Sánchez Ridge
The Supreme Court said yes but with limits. Disgorgement is permissible but only if it complies with the traditional definition of equitable relief and not penalty. In an 8-1 vote, the...
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