Litigation » Super-Disgorgement Ruling By An Appeals Court

Super-Disgorgement Ruling By An Appeals Court

February 19, 2014

Men Trapped by the banks, The guy you where and what to do with your money

In insider trading cases, the SEC can hold defendants responsible not only for their personal profits, but for money those illegal trades generate for their employers, said a  Second Circuit Court of Appeals panel in a 2-1 decision. The ruling could impact several ongoing civil cases in New York, and serve as a new deterrent to insider trading cases. The dissenting judge maintained that disgorgement, when used by the SEC in these cases, is meant to be remedial rather than punitive.

Read full article at:

Daily Updates

Sign up for our free daily newsletter for the latest news and business legal developments.

Scroll to Top