Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 44. Trade and Commerce |
Chapter 12. SALES OF SECURITIES |
Article 18. Private Securities Litigation |
Sec 44-2086. Attorney fees paid from disgorgement monies; prohibition
Latest version.
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Disgorged monies resulting from a judicial or administrative action brought by the commission shall not be distributed as payment for attorney fees or expenses incurred by private parties seeking distribution of the disgorged monies, except as otherwise ordered by the court on a motion by the commission or, in the case of an administrative action, as otherwise ordered by the commission.