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Judge Axes Bid To Recoup Short-Swing Profits In Novel Ruling

By Katryna Perera ( March 17, 2025, 10:22 PM EDT) -- A New York federal judge has ruled in a matter of first impression that sporting goods company Clarus Corp. cannot recoup $57 million in short-swing profits a trading firm made from a series of transactions because the high-volume trades fit an exemption for market-making activities....

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