United States disgorgementequitable relief

Liu v SEC

591 US 71 (2020)

JurisdictionUnited States

CourtSupreme Court of the United States

Year2020

StatusBinding authority

Key Principle

The SEC may seek disgorgement as equitable relief under §78u(d)(5) of the Exchange Act, but the award must not exceed the wrongdoer's net profits and must be returned to victims.

Area of Law

corporate

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