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The SEC is asking the court to take back from Ballas any wrongful profits, plus interest.
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Provides for compensation to person affected by wrongful loss or wrongful gain.
In allowing the statements, the California court applied an old doctrine called "forfeiture by wrongdoing," which means that a person should not be permitted to profit from wrongful acts.
Campbell, an associate professor of criminology at the University of Ottawa and director of Innocence Ottawa, a student-run non-profit that investigates wrongful convictions (similar to the Innocence Project in the US), said these cases account for crimes dating back to 1959.
Another, his purchase of Nikopol, one of the world's largest iron alloy producers, resulted in a lawsuit that accused Mr. Pinchuk of paying bribes to officials, siphoning off $41 million in profits and other allegations of wrongful diversion estimated at more than $500 million.
The suit says the losses to Oracle cannot be established "without an accounting of the income and gross profits the defendants have obtained through their wrongful and unlawful conduct".
Wrongful killing may always be wrong, but is killing?
The Seventh Circuit stated in February, 2013, that remedial unjust enrichment asks for the profit that the defendant obtained by a wrongful act and substantive unjust enrichment addresses situations in which the defendant by mistake or theft obtained something that belonged to another or the plaintiff rendered a service for which he should have been paid.
"That's very compelling evidence, particularly when it comes from a witness wearing a white laboratory coat," says Peter Neufeld, co-founder of the Innocence Project, a New York-based non-profit organisation that uses DNA evidence to overturn wrongful convictions.
Only the threat of a lawsuit can sufficiently change the profit-calculus to favor consumers, forcing companies and negligent professionals to internalize the price of wrongful injury.
It was on wrongful convictions.
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CEO of Professional Science Editing for Scientists @ prosciediting.com