Four years have passed since the U.S. Supreme Court handed down Liu v. SEC, which held that the U.S. Securities and Exchange Commission can seek equitable disgorgement of defendants' net profits — less legitimate business expenses — provided it is for the benefit of harmed investors. Litigation & enforcement partner Amy Jane Longo and associates Brooke Cohen and Tristan Lim analyzed the trends that have emerged over that time and the key issues to follow in the courts’ application of the disgorgement remedy in Law360.
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