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Re: rics1997 post# 243590

Tuesday, 01/15/2008 8:23:38 PM

Tuesday, January 15, 2008 8:23:38 PM

Post# of 359151
He was required to disgorge
$19,975.ROTFLMFAO..Quite the disgorge there Ric!..Old Lee Web
What a baffoon he is..IMO


Now this is a disgorgment

Washington, DC - Today's decision by the Department of Justice to appeal a key ruling in its tobacco lawsuit to the U.S. Supreme Court puts the disgorgement of illegal tobacco industry profits back on the table as a possible remedy in the case. As the government argues in its petition to the Supreme Court, the ruling by the U.S. Court of Appeals for the D.C. Circuit that barred disgorgement of past profits “frustrates one of the chief aims of RICO's civil remedies - deterring future RICO violations by depriving the RICO enterprise of the economic benefits of its unlawful conduct” (p. 21). The government had been seeking up to $280 billion in illegal industry profits in order to deter future industry wrongdoing. Today's appeal also makes it even more inappropriate for the government to reach a weak settlement of the case until it knows the full range of remedies available

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