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Case Citations [1] (April 2023 - August 2023)

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                                THE   AMERICAN
                                LAW INSTITUTE



                                      Spring 2023 Citations



                                 RESTITUTION



Generally

D.N.M.2021.  Cit. generally in ftn. Business-development consultant who was hired to increase the
profitability of a cattle ranch in order to attract potential buyers sued owner of the ranch, alleging that
owner breached his promise to pay a finder's fee to consultant upon the sale of the ranch. After a bench
trial, this court granted judgment for consultant and awarded him damages against owner, holding that
owner breached a valid contract between the parties by failing to pay consultant a percentage of the sale
price of the ranch. As to consultant's unjust-enrichment claim, the court cited Restatement of Restitution
§ 1 in noting that quasi-contractual remedies were not to be created when, as here, there was an express
contract, and that the New Mexico Supreme Court had relied upon the Restatement of Restitution in
analyzing unjust-enrichment claims. Tyler Group Partners, LLC v. Madera, 564 F.Supp.3d 944, 1006.



       PART  I. THE  RIGHT   TO  RESTITUTION (QUASI CONTRACTS AND KINDRED
                                    EQUITABLE RELIEF)

                         CHAPTER 1. INTRODUCTORY MATTERS

                            TOPIC   1. UNDERLYING PRINCIPLES

§ 1. Unjust Enrichment

C.A.5, 2022. Quot. in sup.; com. (b) cit. in sup. The U.S. Securities and Exchange Commission brought
a civil enforcement action against operator of energy companies, alleging, inter alia, that defendant
should disgorge profits obtained from numerous violations of the Securities Exchange Act. The district
court ordered disgorgement. This court affirmed, holding that the district court did not err by ordering
defendant to pay disgorgement, because defendant sold investments using misleading offering materials,
and plaintiff identified the specific transaction that unjustly enriched defendant. Citing Restatement of
Restitution § 1, the court observed that unjust enrichment was the basis of all restitution, and plaintiff
met its burden to prove that its requested disgorgement amount represented the amount of advantage
defendant obtained through wrongdoing. Securities and Exchange Commission v. Hallam, 42 F.4th 316,
332, 341.

D.N.M.2021.  Quot. in sup., cit. in ftn., cit. in case cit. in ftn. Business-development consultant who was
hired to increase the profitability of a cattle ranch in order to attract potential buyers sued owner of the
ranch, alleging that owner breached his promise to pay a finder's fee to consultant upon the sale of the
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