United States

Liu v SEC

591 US 71 (2020)

JurisdictionUnited States

Year2020

Statusunclear

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

Related Cases

ASIC v Cassimatis (No 8) (2016) 336 ALR 209

Tornetta v Musk C.A. No. 2018-0408-KSJM (Del. Ch. 2024)

Slack Technologies LLC v Pirani 598 U.S. 759 (2023)

Ask CommonBench about this case

Get a detailed analysis of Liu v SEC and how it applies to your situation.

Explain Liu v SEC