What are the remedies for a successful securities fraud case?
A successful securities fraud case in North Carolina typically offers remedies to victims of the fraud. There are two primary remedies that may be available: restitution and disgorgement. Restitution is a financial award made by the court to the victims of a securities fraud, ideally in an amount equal to their economic losses due to the fraud. This money is usually paid by the perpetrator of the fraud and may be obtained from the individual or the corporation responsible for the fraud. Disgorgement is another common remedy for securities fraud. It is the repayment of all profits obtained by the fraudster as a result of the fraud. This repayment is typically made to the victims of the fraud, as it is considered a form of compensation for their losses. In some cases, the court may also order an injunction to prevent the perpetrator of the fraud from performing similar acts in the future. This injunction is often sought by the court to prevent additional harm to victims of the securities fraud. Finally, criminal penalties may also be available in a successful securities fraud case. This typically includes jail time and fines, which are meant to punish the perpetrator and to deter future fraudsters. These remedies are designed to provide justice to the victims of securities fraud, as well as to help to protect the securities markets from fraud. If you believe that you have experienced securities fraud in North Carolina, you should consult with an experienced attorney to discuss your legal rights and remedies.
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