net-profits

2 cases — ← All topics

Case Title Lower Court Docketed Status Flags Tags Question Presented
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 …