2nd Circ. Won't Rethink Men's Wearhouse Short-Swing Ruling

The Second Circuit rejected a bid for a rehearing by a Men's Wearhouse Inc. investor, who was seeking to overturn a lower court's ruling that he lacked standing to sue several hedge funds over $17 million they allegedly made in forbidden “short-swing” profits.

Investor Larry Morrison sought the review after a three-judge panel declined in October to revive his suit against Eminence Capital LLC and affiliates over their profitable trades in MWI stock, saying the lower court had properly found that Morrison didn’t have the right...

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