Insights

Filter By:

A SCOTUS Win for the SEC on Disgorgement?

In a decision of consequence to securities industry participants, the U.S. Supreme Court just answered a long-unresolved question and ruled, in Liu v. Securities and Exchange Commission, that the U.S. Securities and Exchange Commission could ask courts to order disgorgement of ill-gotten gains. In doing so, the Supreme Court affirmed and at the same time, to some…

Client Alerts | June 25, 2020 | Regulatory Defense | Investment Fund Litigation