From the Harvard Law School Forum on Corporate Governance – The Supreme Court’s landmark Liu v. SEC ruling curtails the SEC’s discretion in disgorgement remedies, limiting awards to a defendant’s “net profits” from wrongdoing. This shifts billions in settlement negotiations. But how should securities lawyers calculate these “net profits” in the wake of Liu?
https://corpgov.law.harvard.edu/2023/08/30/disgorgement-accounting-after-liu-v-sec-in-securities-enforcement-cases/Sallah Astarita & Cox, LLC – www.sallahlaw.com – Securities investigations, disputes, litigation? Contact Sallah Astarita & Cox for representation by former SEC and Broker-Dealer attorneys. For more great articles visit SECLaw.com – www.seclaw.com
