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

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