Legal takeaways from recent Supreme Court disgorgement decision

  • Written by Posted on July 9, 2020 | Updated on July 9, 2020 | 1 min read

In reviewing a case of EB-5 fraud, the Supreme Court ruled that disgorgement awards are legitimate. Law firm Baker & Hostetler offers key takeaways: this decision pressures the Securities and Exchange Commission (SEC) to return ill-gotten gains back to investors instead of the government; and the defendant’s right to legitimate expenses will encourage more settlements in the future.

See the Lexology article