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Mealeys

Mealey's Securities/D&O Liability - Kokesh Did Not Bar Court From Ordering Disgorgement In SEC Action, Panel Rules

NEW ORLEANS - The U.S. Supreme Court's ruling in Kokesh v. SEC did not overrule the Fifth Circuit U.S. Court of Appeals' established precedent recognizing that federal district courts have the authority to order disgorgement in Securities and Exchange Commission enforcement proceedings, a Fifth Circuit panel ruled Nov. 5 (Securities and Exchange Commission v. Team Resources Inc., et al., No. 18-10931, 5th Cir., 2019 U.S. App. LEXIS 33106).
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