Shareholder Failed To Plead Short-Swing Profits Claims, Judge Rules

NEW YORK - A shareholder has failed to plead her federal securities law claims against a company and its subsidiary for allegedly engaging in illegal short-swing profit activities, a federal judge in New York ruled Jan. 31 in dismissing the shareholder's claims against the defendants (Donna Ann Gabriele Chechele v. Vicis Capital, LLC, et al., No. 11-2191, S.D. N.Y.; 2012 U.S. Dist. LEXIS 12107). Full story on lexis.com