March 17, 2025
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.
November 29, 2022
A trading firm being sued by outdoor sporting goods maker Clarus Corp. for short-swing profits it made from a series of transactions over the summer asked a federal judge to toss the suit, claiming that its series of high-volume trades that resulted in the profits were legal.
September 23, 2022
Outdoor and sporting goods maker Clarus Corp. is suing stockholder Hap Trading LLC and its CEO Harsh A. Padia to recover short-swing profits the brokerage firm made from a series of large sales and purchases of company stocks this summer, according to a complaint filed Friday in New York federal court.