Disgorgement is a legal remedy requiring an individual or entity to return ill-gotten gains to the party from whom they were obtained. This concept is particularly relevant in situations involving fiduciary responsibilities and conflicts of interest, as it serves to uphold the integrity of fiduciary relationships by ensuring that those in positions of trust do not benefit from wrongdoing or breaches of duty. Disgorgement acts as a deterrent against unethical behavior in financial transactions and helps to maintain the principle of fairness in dealings.
congrats on reading the definition of Disgorgement. now let's actually learn it.