Construct · 1 fields · 1 citations

disgorgement: a standalone construct

One name. One construct. A landmark on the map.

● anchor · a standalone construct Nearest construct by meaning·not indexed
disgorgement1 CONSTRUCTDisgorgement of profitsELLSWORTH · REMEDY

A single standalone construct; nearby constructs are located against it in the Collider. Tap a field for its definition, unit, and measures.

Law / finance

Forced surrender of unlawfully obtained gains

In law and financial regulation, disgorgement is an equitable remedy that compels a wrongdoer to surrender profits unjustly obtained (for example, gains from securities fraud or insider trading) so that the defendant is not left enriched by the violation; it is restitutionary rather than purely punitive. Ellsworth analyses disgorgement as a remedy in SEC securities-fraud actions. The referent is a legal mechanism for stripping ill-gotten gains, sharing only the word with ejecting sediment from a wine bottle.[1]

Unit
The amount of unlawfully obtained gain a wrongdoer is ordered to surrender
Recovery means
Not applicable
Measured by
Quantified as the net profit causally traceable to the unlawful conduct

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Nearby constructs

crown2 fields · 2 citationsjingle · one word, two constructsloyalty6 fields · 10 citationsjingle · one name, six constructs

References

  1. Ellsworth, J. D. (1977). Disgorgement in securities fraud actions brought by the SEC. Duke Law Journal, 1977(3), 641. https://doi.org/10.2307/1371955

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