SDNY Clarifies Scope of Short-swing Profit Liability | Practical Law

SDNY Clarifies Scope of Short-swing Profit Liability | Practical Law

An update on the SDNY opinion in Gibbons v. Malone, rejecting short swing profit liability for the purchase and sale of two different classes of stock.

SDNY Clarifies Scope of Short-swing Profit Liability

Practical Law Legal Update 1-507-2190 (Approx. 3 pages)

SDNY Clarifies Scope of Short-swing Profit Liability

by PLC Corporate & Securities
Published on 11 Aug 2011 • USA (National/Federal)
An update on the SDNY opinion in Gibbons v. Malone, rejecting short swing profit liability for the purchase and sale of two different classes of stock.