Mealey's (October 13, 2021, 1:43 PM EDT) -- NEW ORLEANS — A federal district court’s disgorgement order in a securities fraud lawsuit brought by the Securities and Exchange Commission against an energy company and others stemming from the defendants’ sale of unregistered securities in the penny stock company and issuance of alleged misrepresentations “easily satisfies” the requirements for such relief established by the U.S. Supreme Court in Liu v. SEC, a Fifth Circuit U.S. Court of Appeals panel ruled Oct. 12 in affirming the district court’s disgorgement order....