United States Second Circuit

Dismissal of plaintiff's complaint seeking disgorgement of alleged short-swing profits is affirmed, where the district court properly found that the requirements of a claim under section 16(b) of the Securities Exchange Act of 1934 mandating disgorgement of short-swing profits by statutory insiders, had not been satisfied.

Appellate Information

• Decided 07/11/2014
• Published 07/11/2014

Judges

• WALKER

Court

• United States Second Circuit

Counsel