August 03, 2017
The Second Circuit on Thursday upheld a decision dismissing a shareholder's claims that billionaire Carl Icahn reaped "short-swing profits" on options trading in Herbalife, Nuance Communications and Hologic, saying Icahn didn't receive extra profit recoverable under U.S. Securities and Exchange Commission rules.
December 14, 2016
A Second Circuit judge appeared alarmed on Wednesday that a securities law loophole might be letting company insiders like billionaire Carl Icahn rake in unlimited "short-swing" profits, which one investor claims Icahn did via trading options in Herbalife, Nuance Communications and Hologic.
July 19, 2016
Billionaire Carl Icahn and his investment partnerships urged the Second Circuit on Monday not to revive a suit claiming they illegally grabbed $94 million in "short-swing" profits through insider trading on Herbalife, Nuance Communications and Hologic options.
June 16, 2016
An investor who accused billionaire Carl Icahn and his investment partnerships of illegally grabbing $94 million in "short-swing" profits through insider trading on Herbalife, Nuance Communications and Hologic options asked the Second Circuit on Thursday to revive his case.