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Full 2nd Circ. Urged To 'Correct' Panel's Insider Trading Ruling

By Jessica Corso (July 8, 2024, 7:54 PM EDT) -- A hedge fund accused of taking advantage of its corporate insider status to profit off swing trading in 1-800-Flowers' stock is urging the full bench of the Second Circuit to reconsider a decision to revive the lawsuit against it, arguing in a Monday petition to the court that the ruling clashes with both U.S. Supreme Court precedent and with controlling Second Circuit precedent on standing. ...

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