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The Collaborative International Dictionary
Disgorgement

Disgorgement \Dis*gorge"ment\, n. [Cf. F. d['e]gorgement.] The act of disgorging; a vomiting; that which is disgorged.
--Bp. Hall.

Wiktionary
disgorgement

n. The act of disgorge, particularly in the legal sense.

WordNet
disgorgement

n. the reflex act of ejecting the contents of the stomach through the mouth [syn: vomit, vomiting, emesis, regurgitation, puking]

Wikipedia
Disgorgement

Disgorgement is defined by Black's Law Dictionary as "the act of giving up something (such as profits illegally obtained) on demand or by legal compulsion."

Disgorgement is a remedy used in U.S. securities law; for example, disgorgement of short-swing profits is the remedy prescribed by ยง 16(b) of the Securities Exchange Act of 1934. American Jurisprudence, Second Edition states that:

Disgorgement is also a remedy for violations of the U.S.'s Commodity Exchange Act. The purpose of such a remedy, as in securities cases, is " to deprive the wrongdoer of his or her ill-gotten gains and to deter violations of the law." However, in such cases, the court may only order disgorgement up to "the amount with interest by which a defendant profited from his or her wrongdoing."

In re Gleeson's Will (124 N.E.2d 624 (Ill. App. 1955)), disgorgement was used as a remedy when the trustee remained as a holdover on the testator's land and acquired a profit.

Usage examples of "disgorgement".

The Moonlight Cove Police department's ability to access TRW's data base at will had to be a secret kept from TRW itself, for the company would not have cooperated in a wholesale disgorgement of its files without a subpoena.

Simon took advantage of the disgorgement to cross the patio alone and greet the girl as she came out.

He would have demanded it, ticket or not, and gotten the manager or the nearest official available at that time of night and made enough fuss either to force the disgorgement of the package or to make the entire hotel aware of the problem.

Now the disgorgement was more than three times as great, an unheard of 1,210,000.

He was down on all fours, blinded and splattered by his own disgorgement, but still holding on to the loudspeaker and cursing between racking spasms.

It opened, and a very natty though puffy young man came out, bearing what looked like the disgorgements of one of the hotel computers.

It's an intense circulation of alien pains and pleasures, of unknown powers and vulnerabilities, of surprising engulfments and disgorgements.