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What does "disgorgement" mean in legal documents? Disgorgement is a legal term that refers to the process of forcing someone to give up profits they gained from illegal or unethical actions. Imagine a situation where a person or a company makes money by breaking the law or acting unfairly.
Definition of "disgorgement". The legal process where a party has to give up profits obtained through unlawful or unethical behavior. How to use "disgorgement" in a sentence. The company was ordered for disgorgement of profit obtained from the illegal scheme.
In legal terms, disgorgement is an action where something is given up – namely, profits – because they were obtained illegally or unethically. The court system orders the individual or entity to give up such profits to prevent them from making unfair financial gains.
Aug 21, 2024 · What does disgorgement mean in legal terms? Disgorgement is the legal process of giving up something (like illegally earned money) on demand or by force. It is a civil remedy that seeks to make those harmed whole rather than punish wrongdoers.
Mar 19, 2024 · Disgorgement is a legal remedy to repay ill-gotten gains to affected parties. Enforced by regulatory bodies like the SEC, it aims to make victims whole. Challenges exist in achieving fair and full disgorgement, often due to institutional complexities.
Jul 4, 2021 · Disgorgement harbours the principle of giving up the possession of profits illegally obtained, leading to unjust enrichment. Black’s Law Dictionary defines disgorgement as “ the act of giving up something (such as profits illegally obtained) on demand or by legal compulsion ”.
Mar 30, 2017 · What is disgorgement? When a person or entity in the securities market makes a profit by fraudulent means, a ‘disgorgement’ order is issued to repay those gains to affected investors with interest.
Define Disgorgement. means an act of giving up profits, as a result of insider dealing obtained in accordance with an order of the court issued as specified in section one hundred and forty-one; Library English
Disgorgement is a remedy requiring a party who profits from illegal or wrongful acts to give up any profits they made as a result of that illegal or wrongful conduct. The purpose of this remedy is to prevent unjust enrichment and make illegal conduct unprofitable.
Disgorgement is a legal remedy that requires a party who has unlawfully obtained a benefit to repay or return that benefit. It is a form of restitution that aims to deprive the wrongdoer of their ill-gotten gains and prevent unjust enrichment.
