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Disgorgement |
Also found in: Dictionary/thesaurus, Encyclopedia, Wikipedia, Hutchinson | 0.09 sec. |
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Disgorgement Stolen money that must be repaid to victims of theft, fraud, or some other financial crime. That is, when a person or business has made profits through illegal or unethical means, it must pay disgorgement plus interest to all victims in so far as it is possible. This is done to attempt to restore the status quo before the illegal or unethical actions were committed. The perpetrator must pay disgorgement over and above any punitive damages that have been assessed. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| Mike Piazza, the SEC lawyer who argued the case, told Bloomberg News that the agency will seek disgorgement of Yuen's ill-gotten gains, as well as penalties. 21 million in disgorgement, pay a civil penalty of $200,000, and he was barred from association with a broker or dealer. The studios are seeking an injunction preventing the defendants from continuing the alleged misdeeds, as well as disgorgement of profits and unspecified monetary damages. |
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