disgorgement

29 cases — ← All topics

Case Title Lower Court Docketed Status Flags Tags Question Presented
25-466 Ongkaruck Sripetch v. Securities and Exchange Commission Ninth Circuit 2025-10-16 Granted Amici (3) circuit-split civil-enforcement disgorgement pecuniary-harm sec-enforcement statutory-interpretation Whether the SEC may seek equitable disgorgement under 15 U.S.C. 78u(d)(5) and (d)(7) without showing investors suffered pecuniary harm
24-1106 Joseph Mona v. Microbot Medical, Inc. Second Circuit 2025-04-24 Denied Amici (1)Response Waived article-iii-standing business-judgment disgorgement securities-exchange-act shareholder-derivative-action short-swing-profits Whether an issuing corporation that neither alleged nor suffered actual injury has Article III standing to maintain an action for the disgorgement of …
24-949 Navellier & Associates, Inc., et al. v. Securities and Exchange Commission First Circuit 2025-03-05 Denied anti-fraud-provisions disgorgement investor-protection materiality-standard sec-enforcement securities-law Whether the SEC can seek disgorgement for investor clients who suffered no pecuniary harm under securities law anti-fraud provisions
24A622 Navellier & Associates, Inc., et al. v. Securities and Exchange Commission First Circuit 2024-12-23 Presumed Complete circuit-split disgorgement equitable-remedy investor-protection sec-enforcement securities-law Whether a federal court has authority to award disgorgement under securities law when the alleged victims suffered no pecuniary harm
24-31 Michael J. Libman, et al. v. Antwon Jones, et al. California 2024-07-12 Denied ability-to-pay attorney-fees disgorgement eighth-amendment excessive-fines professional-conduct proportionality-test Does the court-ordered disgorgement of attorney fees for violation of state rules of professional conduct fall under the 'excessive fines' clause of t…
23-1338 Martin Shkreli v. Federal Trade Commission, et al. Second Circuit 2024-06-25 Denied Response Waived affiliate-liability civil-procedure disgorgement equity equity-jurisdiction federal-jurisdiction sec sec-enforcement traditional-equity-practice unlawful-gains Does a district court's exercise of its federal equity jurisdiction, as defined and cabined by traditional equity practice, include the power to order…
23A1044 Michael J. Libman, et al. v. Superior Court of California, Los Angeles County, et al. California 2024-05-22 Presumed Complete attorney-fees disgorgement eighth-amendment ex-post-facto excessive-fines professional-conduct Whether the Eighth Amendment prohibits a state court from disgorging an attorney's fees without finding harm to clients or assessing the attorney's ab…
23-987 Shalini Ahmed v. Securities and Exchange Commission Second Circuit 2024-03-11 Denied asset-seizure civil-rights disgorgement due-process equitable-limitations equitable-limits judicial-review nominee-doctrine pullman-standard-v-swint sec-enforcement sec-v-liu Whether the value of assets unilaterally seized by the alleged victim should be offset against disgorgement, and whether the value of shares returned …
23-853 Credit Bureau Center, LLC, et al. v. Federal Trade Commission Seventh Circuit 2024-02-07 Denied disgorgement equitable-monetary-relief federal-trade-commission restitution section-13(b) section-19 Whether Section 19 of the FTC Act, 15 U.S.C. § 57b(b), which prohibits the award of 'any exemplary or punitive damages,' empowers the Commission to se…
23-5791 John Sherman Jumper v. United States Third Circuit 2023-10-16 Denied Response WaivedIFP criminal-sentencing disgorgement double-jeopardy fifth-amendment kokesh-precedent kokesh-v-sec sentencing-enhancement Whether the prior disgorgement punishment precludes a criminal sentence or sentencing enhancement based on the same misconduct under the Double Jeopar…
23-240 David L. Smith v. Securities and Exchange Commission Second Circuit 2023-09-13 Denied Response Waived circuit-split civil-procedure civil-rights collateral-relief disgorgement due-process judicial-review rule-60b4 sec-enforcement standing takings void-judgment Is Petitioner entitled to collateral relief from an extra-legal 'disgorgement' order, which the SEC had no power to obtain, and the district court had…
22-1073 Team Resources Incorporated, et al. v. Securities and Exchange Commission Fifth Circuit 2023-05-04 Denied Response Waived civil-penalty disgorgement due-process eighth-amendment evidentiary-hearing federal-court securities-and-exchange-commission securities-law Whether a federal court may grant a disgorgement request from the Securities and Exchange Commission without granting a defendant's request for a live…
22-751 Charles C. Liu, et al. v. Securities and Exchange Commission Ninth Circuit 2023-02-09 Denied appellate-jurisdiction circuit-split disgorgement equity-practice joint-and-several-liability mandate-rule net-profits procedural-requirement profits-based-remedy third-party-funds Whether the decision of the Ninth Circuit requiring petitioners to disgorge funds they raised and disbursed to unrelated third parties, but never pers…
22-687 Randall S. Goulding v. Securities and Exchange Commission Seventh Circuit 2023-01-24 Denied burden-shifting disgorgement legitimate-business liu-v-sec net-profits non-fraudulent-activities sec sec-enforcement treasury-distribution Whether a district court's award of disgorgement to the SEC based on the defendant's cash withdrawals from a business without considering whether the …
21-1605 Kevin Kerveng Tung, P.C. v. Charles M. Forman, Chapter 7 Trustee, et al. Third Circuit 2022-06-29 Denied article-iii bankruptcy-code disgorgement non-core-proceedings separation-of-powers stern-v-marshall whether-a-non-article-iii-bankruptcy-court-judge-can-exercise-judicial-power
21-591 Donald J. Fowler v. Securities and Exchange Commission Second Circuit 2021-10-22 Denied Response Waived civil-penalties civil-penalty civil-procedure constitutional-limits disgorgement excessive-penalties private-agreement sec-enforcement statute-of-limitations subject-matter-jurisdiction Where 28 U.S.C. § 2462 permits tolling of 5-year statute of limitations by private agreement
20-706 Stone Creek, Inc. v. Omnia Italian Design, Inc. Ninth Circuit 2020-11-20 Denied circuit-court-precedent circuit-split disgorgement disgorgement-of-profits intellectual-property intentional-misconduct judicial-precedent mishawaka-rubber trademark-infringement unjust-enrichment willfulness Does the Ninth Circuit's refusal to disgorge profits in this case of intentional infringement involving the identical mark on identical products confl…
19-1310 Craig R. Jalbert, in His Capacity as Trustee of the F2 Liquidating Trust v. Securities and Exchange Commission First Circuit 2020-05-21 Denied Response Waived administrative-law agency-authority civil-rights disgorgement due-process judicial-review legislative-power penalty-enforcement securities separation-of-powers statutory-interpretation statutory-penalties Whether a federal government agency commits a structural separation-of-powers violation by exercising a legislative function when, in addition to expl…
19-7714 Angelique de Maison v. Securities and Exchange Commission Second Circuit 2020-02-20 GVR Relisted (3)IFP disgorgement enforcement-action equitable-relief liu-v-sec penalty securities-law standing supreme-court Whether the Securities and Exchange Commission may seek and obtain disgorgement from a court as 'equitable relief' for a securities law violation even…
19-978 Team Resources Incorporated, et al. v. Securities and Exchange Commission Fifth Circuit 2020-02-04 GVR Relisted (3) disgorgement equitable-remedy federal-court penalty penalty-analysis sec sec-enforcement securities-law securities-violations Whether the Securities and Exchange Commission may obtain disgorgement from a federal court as an equitable remedy for securities violations despite t…
19-507 Publishers Business Services, Inc., et al. v. Federal Trade Commission Ninth Circuit 2019-10-18 GVR Relisted (7) circuit-split disgorgement equitable-remedies equity-powers ftc-act ftc-act-section-13b kokesh kokesh-v-sec monetary-relief separation-of-powers statutory-interpretation Whether a district court can award monetary relief under § 13(b) of the FTC Act, consistent with separation-of-powers principles
19-382 John Teets v. Great-West Life & Annuity Insurance Company Tenth Circuit 2019-09-23 Denied civil-rights disgorgement due-process erisa fiduciary-duty harris-trust party-in-interest plan-assets tenth-circuit May an ERISA plan participant or beneficiary seek disgorgement of unreasonable profits derived from a plan contract from a nonfiduciary party in inter…
19-48 B&B Hardware, Inc. v. Hargis Industries, Inc. Eighth Circuit 2019-07-08 Denied bose disgorgement federal-circuit fraud fraud-standard lanham-act lanham-act-fraud patent rule-59-motion standard-of-review therasense trademark trademark-law uspto willfulness Whether the established precedent by the Federal Circuit for the determination of fraud on the USPTO should be adopted as the proper standard for all …
18-1501 Charles C. Liu, et al. v. Securities and Exchange Commission Ninth Circuit 2019-06-03 Judgment Issued Amici (19)Response RequestedResponse WaivedRelisted (4) agency-enforcement disgorgement equitable-relief judicial-review kokesh-v-sec lower-court-precedent penalty sec-enforcement securities-law statutory-interpretation Whether the SEC may seek and obtain disgorgement from a court as equitable relief' for a securities law violation even though this Court has determine…
18-1479 Jason P. Stinson v. United States Eleventh Circuit 2019-05-28 Denied Response Waived 26-usc-7402 burden-of-proof disgorge disgorgement due-process due-process,tax-preparation,26-usc-7402,permanent- evidence injunction internal-revenue-code litigation-conduct permanent-injunction tax-preparation tax-preparer Whether issuing a permanent injunction and an order to disgorge $949,000 against the owner of a tax preparation business under 26 U.S.C. § 7402 violat…
18-1279 K. Wendell Lewis, et al. v. Pension Benefit Guaranty Corporation District of Columbia 2019-04-08 Denied 29-usc-1303(f) appropriate-equitable-relief circuit-split disgorgement equitable-relief erisa erisa-title-iv fiduciary-duties fiduciary-duty pension-benefit-guaranty-corporation pension-plan pension-plans statutory-interpretation Does § 1344(c) preclude disgorgement of profits from the Corporation as an appropriate equitable remedy under §1303(f) for the Corporation's breaches …
18-8272 Juliette Fairley v. Don Ford, et al. Fifth Circuit 2019-03-05 Denied IFP 14th-amendment 5th-circuit civil-procedure civil-rights disgorgement district-court diversity-jurisdiction due-process federal-courts standing statutory-interpretation subject-matter-jurisdiction Did the 5th Circuit Court of Appeals violate the 14th Amendment when it upheld Petitioner Juliette's dismissal which was based on the District Court's…
18-6756 John J. Koresko v. R. Alexander Acosta, Secretary of Labor Third Circuit 2018-11-20 Denied Response WaivedIFP civil-procedure civil-rights contempt debt-imprisonment disgorgement due-process erisa erisa-case erisa-enforcement garnishment imprisonment judicial-review labor-secretary-powers preliminary-injunction statutory-interpretation Whether the Third Circuit Court of Appeals incorrectly decided that parts of a $38 million judgment for disgorgement' entered in 2015 against the Peti…
18-403 Bruce A. Shear v. MAZ Partners, LP, Individually and on Behalf of All Others Similarly Situated First Circuit 2018-09-28 Denied Amici (1)Response Waived civil-procedure civil-rights disgorgement disgorgement-order district-court-power diversity-jurisdiction due-process equitable-power equitable-remedy erie-doctrine federal-jurisdiction judicial-discretion jury-trial jury-verdict When a jury finds in favor of defendant on the sole claim asserted against him, may a district court affirm the verdict but then use 'equitable power'…