Bitqyck also consented to an order requiring that it pay disgorgement
, prejudgment interest and a civil penalty of $8,375,617.
Juniper did not admit or deny the SEC's claims, but has agreed to "ccease and desist from committing or causing any violations" and to pay $4,000,000 in disgorgement
, $1,245,018 in prejudgment interest, and a $6,500,000 civil penalty," the report notes.
District Court for the Northern District of Texas, seeks permanent injunctions, return of allegedly ill-gotten gains with interest, and civil money penalties.0x20Without admitting or denying the allegations, Bitqyck, Bise and Mendez consented to final judgments agreeing to all the injunctive relief.0x200x20Bitqyck also consented to an order requiring that it pay disgorgement
, prejudgment interest and a civil penalty of $8,375,617.0x200x20Bise and Mendez consented to the entry of an order that they each pay disgorgement
, prejudgment interest and a civil penalty of $890,254 and $850,022, respectively.0x200x200x20
In the SEC deal, Gutierrez agreed to settle three counts of misleading investors by paying a $125,000 fine, $15,510 disgorgement
and interest of nearly $3,000.
Telia Company said it paid $208.5 million to the Dutch Public Prosecution Service, which is the last remaining part of the disgorgement
amount, pursuant to the global settlements announced on September 21, 2017, that Telia Company reached with the U.S.
The company has agreed to pay USD49.7m as fine and USD85.4m in disgorgement
is "[t]he act of giving up something (such as profits illegally obtained) on demand or by legal compulsion." (13) For the SEC, this tactic--implemented through a request to the courts--has become an indispensable part of its enforcement toolbox.
In Avery in 1998, a Williamson County, Illinois, judge awarded a total of $1.18 billion in damages: $456 million for breach of contract, $600 million for punitive damages under the consumer fraud law and $130 million for disgorgement
SEC, (5) concerned whether there was a statute of limitations for the SEC's implied disgorgement
The en banc court reinstated the October 11, 2016 panel decision related to the RESPA issues, which included vacating the Consumer Financial Protection Bureau's order imposing $109 million in disgorgement
penalties, and remanded the matter for further proceedings based on the legal guidance of the Court.
(5) In 1970, the SEC succeeded in convincing a federal district court to permit the remedy of disgorgement
under the premise that the SEC had the "inherent equity power to grant relief ancillary to an injunction." (6) Relying on case law interpreting the Exchange Act, the United States District Court for Southern District of New York in SEC v.