Deciphering SEC Disgorgement 4 Years After Liu

By Amy Jane Longo, Brooke Cohen and Tristan Lim (June 14, 2024, 1:40 PM EDT) -- Four years have now passed since the U.S. Supreme Court in Liu v. U.S. Securities and Exchange Commission held that the SEC can seek equitable disgorgement of defendants' net profits, minus legitimate business expenses, so long as the remedy is awarded for the benefit of harmed investors.[1]...

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