Investors’ Short-Swing Disgorgement Claims Mooted By Bankruptcy, Judge Rules

(June 13, 2024, 1:45 PM EDT) -- NEW YORK — A federal judge in New York dismissed a complaint brought by shareholders of a bankrupt big-box store chain alleging that an investment company should disgorge short-swing profits made off the store’s shares, finding that the shareholders’ claims are moot because the bankruptcy plan canceled all shares in the company....

Investors’ Short-Swing Disgorgement Claims Mooted By Bankruptcy, Judge Rules

Attached Documents

Related Sections