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The Business Lawyer - February 2008, vol. 63, no 2; Should the SEC Be a Collection Agency for Defrauded Investors?
63(2): 347 - 381 (February 2008)
This Article addresses the proper measurement of disgorgement from legal and economic perspectives. Both the courts and economic principles support the calculation of disgorgement as the net economic gain stemming from officer misconduct. This Article presents the broad judicial and scholarly support for the net economic gain calculation of disgorgement, including the use of event studies.
63(2): 383 - 384 (February 2008)
The 2006-2007 winner of the Mendes Hershman Student Writing Contest. An abstract of Mr. Riccio’s paper is contained within.