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Current proposals include: (i) imposing a mandatory “cooling-off” period of 120 days for officers and directors, and 30 days generally, between when a plan is adopted or modified and when trading can commence; (ii) requiring directors and officers to personally certify to the company that they are not in possession of material nonpublic information at the time of adoption or modification of a plan; (iii) providing that the affirmative defense under Rule 10b5-1(c)(1) does not apply… [read post]
4 Apr 2022, 1:48 pm by Kevin LaCroix
  On January 6, 2022, The Bear Cave, a short seller, published a report entitled “Problems at Embark Technology. [read post]
27 Mar 2022, 10:36 am by Annsley Merelle Ward
  The House of Bruar admitted infringement of the Amira boot, such that it was only the Regina boot that was at issue in the recent judgment of Miss Recorder Amanda Michaels in Fairfax & Favor v House of Bruar [2022] EWHC 689. [read post]
24 Feb 2022, 9:03 pm by Henry Miller
Binz and Graham studied the returns of investment portfolios that owned stock in companies that announced earnings increases and those that were short sellers in stock that announced earnings decreases and found that these returns were higher after the Act. [read post]
15 Feb 2022, 2:05 pm by Kevin LaCroix
According to Cornerstone, more than 20 percent of filings in 2021 referenced a short-seller report. [read post]
18 Jan 2022, 1:55 pm by Kevin LaCroix
” Likewise, Judge Orrick rejected the defendants’ contention that the Scorpion Capital article could not be relied upon to establish falsity, because it was written by a short-seller. [read post]
3 Jan 2022, 12:39 pm by Kevin LaCroix
(There is a reason that short sellers are targeting SPACs; selling SPAC-acquired companies short has been very profitable for short sellers.) [read post]