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Intellectual property 604 U.S. 321

Dewberry Group, Inc. v. Dewberry Engineers Inc.

The Supreme Court held that Lanham Act disgorgement covers only the named defendant’s own profits, not profits of non-party affiliates absent veil piercing.

  • Trademark infringement
  • Disgorgement
  • Defendant's profits
  • Corporate separateness
  • Veil piercing
  • Just-sum provision
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Trademark law 604 U.S. 321

Dewberry Group, Inc. v. Dewberry Engineers Inc.

The Supreme Court held that Lanham Act profits awards are limited to the named defendant’s own profits, not those of separately incorporated affiliates.

  • Defendant's profits
  • Disgorgement
  • Corporate separateness
  • Veil piercing
  • Just-sum provision (§1117(a))
  • Accounting and attribution of profits
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Corporate law 451 Ill. Dec. 289; 183 N.E.3d 746; 2021 IL 125733

Indeck Energy Services, Inc. v. DePodesta

The Illinois Supreme Court held that trial proof did not show defendants usurped a corporate opportunity, and it affirmed limits on disgorgement and injunctive relief.

  • Corporate opportunity doctrine
  • Breach of fiduciary duty
  • Disgorgement
  • Constructive trust
  • Confidentiality agreement
  • Directed finding
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Professional responsibility 175 A.3d 273

SCF CONSULTING, LLC, Appellant v. BARRACK, RODOS & BACINE, Appellee

Pennsylvania Supreme Court held a fee-splitting claim against a law firm was not per se barred by Rule 5.4 and reversed dismissal for further proceedings.

  • Fee‑splitting
  • Pa.r.p.c. 5.4
  • Enforceability of illegal contracts
  • Unjust enrichment
  • Disgorgement
  • Fee-splitting
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Employment law 154 A.3d 989; 324 Conn. 718; 2017 Conn. LEXIS 58

WALL SYSTEMS, INC. v. William POMPA Et Al.

Connecticut Supreme Court held that forfeiture and disgorgement for employee disloyalty are discretionary equitable remedies, but reversed a constructive trust for lack of traceability.

  • Duty of loyalty
  • Forfeiture of compensation
  • Disgorgement
  • Constructive trust
  • Kickbacks
  • Statutory treble damages
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Securities law 851 F.3d 139; 2016 U.S. App. LEXIS 21677

SECURITIES AND EXCHANGE COMMISSION, Plaintiff-Appellee-Cross-Appellant, v. Virginia K. SOURLIS, Defendant-Cross-Claimant-Appellant-Cross-Appellee, John B. Frohling, Hisao Sal Miwa, Defendants-Cross-Claimants-Cross-Defendants, Daniel D. Starczewski, Thomas F. Pierson, Defendants-Cross-Defendants, Greenstone Holdings, Inc., Joe v. Overcash, Jr., Frank J. Morelli, III, James S. Painter, III, Defendants, Active Stealth, LLC, BAF Consulting, Inc., Bluewater Executive Capital, LLC, Emerging Markets Consulting, LLC, KCS Referal Services, LLC, MBA Investors, Ltd., New Age Sports, Inc., Power Network,…

The Second Circuit affirmed liability and remedies against attorney Virginia Sourlis for a false opinion letter that enabled issuance of unregistered Greenstone shares.

  • Section 5 securities act (unregistered offers)
  • Section 10(b) exchange act
  • Rule 10b-5
  • Aiding and abetting (section 20(e))
  • Scienter/recklessness
  • Summary judgment
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Securities law 851 F.3d 132; 2016 U.S. App. LEXIS 21678; 2016 WL 7093925

SECURITIES AND EXCHANGE COMMISSION, Plaintiff-Appellee, v. John B. FROHLING, Defendant-Cross-Claimant-Cross-Defendant-Appellant, Hisao Sal Miwa, Defendant-Cross-Claimant-Cross-Defendant, Virginia K. Sourlis, Defendant-Cross-Claimant, Daniel D. Starczewski, Joe v. Overcash, Jr., Frank J. Morelli, III, Thomas F. Pierson, Defendants-Cross-Defendants, Active Stealth, LLC, BAF Consulting, Inc., Bluewater Executive Capital, LLC, Emerging Markets Consulting, LLC, KCS Referal Services, LLC, MBA Investors, Ltd., New Age Sports, Inc., Power Network, Inc., Project Development, Inc., Seville Consulting,…

The Second Circuit affirmed summary judgment against an attorney who wrote and approved false opinion letters enabling unregistered Greenstone stock offerings.

  • Section 5 securities act
  • Section 17(a) securities act
  • Section 10(b) exchange act
  • Rule 10b-5
  • Rule 144(k)
  • Summary judgment
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Antitrust 842 F.3d 883; 2016 U.S. App. LEXIS 21556; 2016 WL 7046601

RETRACTABLE TECHNOLOGIES, INCORPORATED; Thomas J. Shaw, Plaintiffs-Appellees v. BECTON DICKINSON & COMPANY, Defendant-Appellant

The Fifth Circuit reversed a Sherman Act attempted-monopolization verdict, affirmed Lanham Act false-advertising liability, and remanded disgorgement and injunction issues.

  • Attempted monopolization
  • False advertising
  • Res judicata
  • Laches
  • Disgorgement
  • Injunctive relief
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Securities law 808 F.3d 623; 74 Collier Bankr. Cas. 2d 1274; 62 Bankr. Ct. Dec. (CRR) 2; 2015 U.S. App. LEXIS 22182

SECURITIES AND EXCHANGE COMMISSION, Plaintiff-Appellee, v. Donald R. MILLER, Jr., in His Capacity as the Independent Executor of the Will and Estate of Charles J. Wyly, Jr. Also Known as Charles J. Wyly, Jr., David Matthews, Lisa Wyly, Kelly Wyly O’Donovan, Andrew Wyly, Charles J. Wyly, III, Jennifer Wyly Lincoln, James W. Lincoln, Cheryl Wyly, Evan Acton Wyly, Laurie Wyly Matthews, Martha Wyly Miller, Donald R. Miller, Jr., Emily Wyly, Christiana Wyly, John Graham, Defendants-Appellants, Samuel E. Wyly, Louis J. Schaufele, III, Michael C. French, Caroline D. Wyly, Emily Wyly Lindsey, Defenda…

The Second Circuit held that the SEC’s pre-judgment asset freeze did not violate the bankruptcy automatic stay, but remanded as to seven relief defendants.

  • Automatic stay (11 u.s.c. § 362)
  • Governmental unit exception (§ 362(b)(4))
  • Exception to the exception (enforcement of money judgment)
  • Asset freeze/prejudgment restraint
  • Disgorgement
  • Relief defendants
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Securities law SEC v. Razmilovic

SEC v. Razmilovic

The Second Circuit upheld a default sanction and disgorgement order in an SEC enforcement case, but remanded for recalculation of prejudgment interest and correction of the civil penalty.

  • Disgorgement
  • Prejudgment interest
  • Civil penalty
  • Discovery sanctions
  • Default judgment
  • Recusal
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