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Disgorgement |
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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. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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No references found | Subsequently, early last month Sebi is said to have amended the notice, asking RIL to explain why it should not be barred from accessing the market, directly or indirectly, and why a direction should not be issued for disgorgement of proceeds from the RPL share sale. Greenberg and Smith agreed to settle the SEC's charges and pay disgorgement and penalties totaling $15 million and $1. The Securities and Exchange Commission said Greenberg, chairman and chief executive at AIG before its spectacular meltdown, will pay disgorgement and penalties to settle a probe into "numerous improper accounting transactions that inflated AIG's reported financial results between 2000 and 2005. |
Disgorgement |
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