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Clarus Corporation v. Hap Trading, LLC et al
Case Number:
1:22-cv-08132
Court:
Nature of Suit:
Judge:
Firms
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March 17, 2025
Judge Axes Bid To Recoup Short-Swing Profits In Novel Ruling
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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November 29, 2022
Outdoor Gear Investor Wants Short-Swing Profit Suit Nixed
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.
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September 23, 2022
Outdoor Gear Maker Sues Investor Over Short-Swing Profits
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.