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Fund Tells Jury No Need To Return $11M Short-Swing Profits

Gunnar Larson

31 Jan 2025 31 Jan '25
5:07 a.m.

Fund Tells Jury No Need To Return $11M Short-Swing Profits <https://www.law360.com/capitalmarkets/articles/2289167?nl_pk=35f19b02-1b5d-4d87-9886-0568d6f0b360&utm_source=newsletter&utm_medium=email&utm_campaign=capitalmarkets&utm_content=2025-01-28&read_main=1&nlsidx=0&nlaidx=5> By Thy Vo A hedge fund told a Denver federal jury Monday that the $11 million it earned from the short-swing sales of a biopharmaceutical company's stock doesn't need to be returned because the transactions fall under an exception to securities law on insider trading. Read full article » <https://www.law360.com/capitalmarkets/articles/2289167?nl_pk=35f19b02-1b5d-4d87-9886-0568d6f0b360&utm_source=newsletter&utm_medium=email&utm_campaign=capitalmarkets&utm_content=2025-01-28&read_more=1&nlsidx=0&nlaidx=5> | Save to favorites » <https://www.law360.com/capitalmarkets/articles/2289167?nl_pk=35f19b02-1b5d-4d87-9886-0568d6f0b360&utm_source=newsletter&utm_medium=email&utm_campaign=capitalmarkets&utm_content=2025-01-28&read_later=1&nlsidx=0&nlaidx=5>

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