United States: Ninth Circuit Provides Guidance On SEC Rule 16b-3 Short-Swing Profit Liability Exemption - Sheppard Mullin Richter & Hampton

United States: Ninth Circuit Provides Guidance On SEC Rule 16b-3 Short-Swing Profit Liability Exemption - Sheppard Mullin Richter & Hampton

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In Roth v. Foris Ventures, LLC, Nos. 22-16632, 22-16633, 2023 U.S. App. LEXIS 30081 (9th Cir. Nov. 13, 2023), the United States Court of Appeals for the Ninth Circuit partially reversed the dismissal of a shareholder derivative suit.

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