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About: Liu v. Securities and Exchange Commission     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : dbo:SupremeCourtOfTheUnitedStatesCase, within Data Space : dbpedia.org associated with source document(s)

Type: ThingcaseLegal Caseunit of workLegal caseSupreme Court of the United States case New Facet based on Instances of this Class

Liu v. Securities and Exchange Commission, 591 U.S. ___ (2020), was a US Supreme Court case related to disgorgement awards sought by the Securities and Exchange Commission (SEC) for fraudulent activities. The Court ruled in an 8–1 decision that such disgorgement awards can be awarded by the courts as equitable relief under the Securities Act of 1933, 15 U.S.C. § 78u(d)(5), but they are limited to the wrongdoer's net profits.