U.S. Court of Appeals for the Second Circuit. (Photo: Bumble Dee/Shutterstock) 2nd Circuit Reverses Disgorgement Order in Case Over Alleged 'Short-Swing' Trades
The appeals court reversed a Brooklyn federal district court order requiring a hedge fund to return nearly $5 million it allegedly obtained through short-term trades of 1-800-Flowers.com stock.
November 23, 2020 at 06:01 PM
3 minute read
The U.S. Court of Appeals for the Second Circuit on Monday reversed a lower court order requiring a hedge fund to return nearly $5 million it obtained through alleged "short-swing" trades of 1-800-Flowers.com stock.
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