Ostrager Chong Flaherty & Broitman P.C.

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Court Finds in Our Favor in Roth vs. Armistice

Roth v. Armistice Cap., LLC, 20 Civ. 8872 (AT), 2022 U.S. Dist. LEXIS 57480 (S.D.N.Y. Mar. 29, 2022). Plaintiff filed this derivative action on behalf of Vaxart, Inc. under Section 16(b) of the Securities Exchange Act of 1934 for disgorgement of $87 million in short-swing profits realized by corporate insiders in trading in the Company’s […]

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Recovery of Short Swing Profits Under Section 16(b)

Roth v. Foris Ventures, LLC, 21 Civ. 4288 (YRG) (N.D. Cal. June 13, 2022). Plaintiff filed this derivative action on behalf of Amyris under Section 16(b) of the Securities Exchange Act of 1934, to recover “short-swing” profits obtained by the Defendants from purchases and sales of Amyris Common Stock and derivative securities relating to the […]