Disgorgement

(redirected from disgorgements)
Also found in: Dictionary, Thesaurus, Legal, Encyclopedia.

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.
References in periodicals archive ?
measure of the disgorgement remedy is the ill-gotten gain from the
victims (similar to restitution (50)), but the SEC views disgorgement as
the SEC to order disgorgement in administrative proceedings and
Between 1990 and 2002, the SEC ordered disgorgement and
only when it also orders that defendant to pay disgorgement.
Jaffe: $20,000 fine, $12,169 in disgorgement, and a nine-month suspension.
Plotkin: $12,500 fine, $7,125 in disgorgement, and a six-month suspension.