Disgorgement: meaning, definitions and examples
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disgorgement
[ dɪsˈgɔrdʒmənt ]
legal term
Disgorgement is a legal remedy that requires a party to give up the profits obtained through illegal or unethical acts. This remedy aims to prevent unjust enrichment by forcing the party to return the ill-gotten gains to the rightful owner or the public. It is often employed in cases involving securities fraud or breach of fiduciary duty.
Synonyms
forfeiture, reimbursement, restitution.
Examples of usage
- The court ordered disgorgement of profits from the fraudulent scheme.
- Disgorgement is commonly used to ensure accountability among corporate executives.
- The company faced severe penalties, including disgorgement of ill-gotten gains.
- Investors are hoping for disgorgement to reclaim their losses.
- The attorney petitions for disgorgement to restore fairness to affected parties.
Translations
Translations of the word "disgorgement" in other languages:
🇵🇹 restituição
🇮🇳 वापसी
🇩🇪 Rückgabe
🇮🇩 pengembalian
🇺🇦 відшкодування
🇵🇱 zwrócenie
🇯🇵 返還
🇫🇷 restitution
🇪🇸 devolución
🇹🇷 iade
🇰🇷 환급
🇸🇦 استرداد
🇨🇿 vrácení
🇸🇰 vrátenie
🇨🇳 返还
🇸🇮 vračilo
🇮🇸 endurgreiðsla
🇰🇿 қайтару
🇬🇪 დაბრუნება
🇦🇿 geri qaytarma
🇲🇽 devolución
Etymology
The term 'disgorgement' originates from the Old French word 'desgorger', which means 'to discharge or empty'. In legal contexts, the use of the term began to rise in the late 19th century, although its roots can be traced back further into the history of law, especially in relation to equity and the principles of restoring a party to their rightful position. The notion is tied closely to the concept of preventing unjust enrichment and has been a significant part of legal discourse regarding financial fraud and accountability. As legal systems have evolved, so too has the application of disgorgement, becoming more formalized within regulatory frameworks, particularly in securities law and corporate governance.