SCOTUS Delivers Ruling on SEC’s Power To Claw Back Ill-Gotten Gains

seeking that kind of remedy does not need to prove he has ‘suffered a corresponding loss or,’ indeed, ‘any loss.’”

The remedy aims “to give to the plaintiff the amount by which he has been enriched” from invading protected interests.

The opinion distinguished disgorgement from damages, noting equity has long allowed recovery of a defendant’s gains even continue reading …