Tag: Disgorgement

Compliance Investors News

Former Pharmaceutical Global IT Manager Settles SEC $8 Million Insider Trading Case, Criminal Case Still Pending

The Securities and Exchange Commission today announced seclaw.com/glossary/insider-trading/” data-gt-translate-attributes='[{“attribute”:”data-cmtooltip”, “format”:”html”}]’>insider trading charges against Dayakar R. Mallu, of Orlando, Florida, who generated gains and avoided losses totaling over $8 million by trading in the securities of his former employer, Mylan N.V., ahead of four public announcements between Oct. 3, 2017, and July 29, […]

Brokers Case Law Securities Law Dictionary

Five-Year Statute Applies to Claims for Disgorgement

The Supreme Court ruled [June 5, 2017] that claims for seclaw.com/glossary/disgorgement/” data-gt-translate-attributes='[{“attribute”:”data-cmtooltip”, “format”:”html”}]’>disgorgement brought by the SEC are governed by a five-year statute of limitations. The Court’s unanimous opinion in Kokesh v. SEC, No. 16-529, slip op. at 5 (U.S. June 5, 2017) (Sotomayor, J.), held that disgorgement, as it is applied […]