July 12, 2017
For decades, the Federal Trade Commission ("FTC") has sought and obtained monetary remedies as equitable "disgorgement" of ill-gotten gains. Disgorgement amounts have exceeded a billion dollars in both antitrust and consumer protection matters and routinely total millions or tens-of-millions of dollars.
Gibson Dunn partner Sean Royall and of counsel Rich Cunningham recently published an article titled Will "Kokesh v. SEC" Put a Kink in the Federal Trade Commission’s Disgorgement Hose? in the Washington Legal Foundation’s The Legal Pulse blog. The article assesses whether the logic of the Supreme Court’s recent decision in Kokesh v. SEC extends to the FTC with the effect that the five-year statute of limitations in 28 U.S.C. § 2462 applies to the FTC’s disgorgement authority. Gibson Dunn previously summarized the Kokesh decision in a June 5, 2017 Client Alert available here.
© 2017, Washington Legal Foundation, The Legal Pulse, July 10, 2017. Reprinted with permission.
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