Supreme Court Should Allow Disgorgement Award To Stand, SEC Argues

Mealey's (April 14, 2023, 12:26 PM EDT) -- WASHINGTON, D.C. — The U.S. Supreme Court should deny review of a Ninth Circuit U.S. Court of Appeals ruling affirming a federal district court’s disgorgement award ruling in a Securities and Exchange Commission enforcement action because the appellate court correctly calculated the disgorgement award and properly imposed joint and several liability, the SEC argues in an opposition brief filed in the Supreme Court....