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Disgorgement is an equitable remedy designed to deter future violations of the securities laws and to deprive defendants of the proceeds of their wrongful conduct. Indeed, in the exercise of its equity powers, the district court may order disgorgement of profits acquired through securities fraud .
In Canada, quantum meruit is not based on contract law but rather depends on equitable principles of unjust enrichment. Canadian law generally upholds the old maxim that estoppel allows an implied promise to act as a shield against litigation but never a sword. Therefore an implied promise would not create a cause of action.
The reception of unjust enrichment into Belgian law has been upheld multiple times by the Court of Cassation, which has ruled that unjust enrichment is a general principle of law. [27] [28] [29] The Court has stated that the legal basis for unjust enrichment is equity (ius aequum). According to the Court, five elements constitute unjust enrichment:
The Official Code of Georgia Annotated or OCGA is the compendium of all laws in the state of Georgia. Like other state codes in the United States, its legal interpretation is subject to the U.S. Constitution , the U.S. Code , the Code of Federal Regulations , and the state's constitution .
equitable compensation; appointment or removal of fiduciary; interpleader; equitable tracing as a remedy for unjust enrichment; The two main equitable remedies are injunctions and specific performance, and in casual legal parlance references to equitable remedies are often expressed as referring to those two remedies alone. Injunctions may be ...
(The Center Square) – Winter drivers in Wisconsin are getting an update to their road forecasts, just ahead of a weekend snow storm. The Wisconsin Department of Transportation on Wednesday ...
The law of unjust enrichment deals with circumstances in which one person is required to make restitution of a benefit acquired at the expense of another in circumstances which are unjust. The modern law of unjust enrichment encompasses what was once known as the law of quasi-contract. Its precise scope remains a matter of controversy. [1]
The lawsuit accused Target's board of directors of overlooking the risk of negative backlash and led the company to lose over $25 billion in market capitalization.