Disgorgement Liability in Securities Fraud Cases

, New York Law Journal

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Amy Walsh, a partner at Morvillo LLP, analyzes the Second Circuit's recent decision in 'SEC v. Contorinis,' which held that a defendant in an insider trading case can be forced to disgorge not only the illicit profits he personally earned, but also the illegal profits earned by an innocent third party that the defendant did not control.

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Originally appeared in print as Disgorgement Liability in Securities Fraud Cases—Assume the Maximum

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