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Insider Trading Claims Are 'Grasping At Straws,' Retailer Says

By Leslie A. Pappas ( October 12, 2023, 7:06 PM EDT) -- Shareholders of flooring retailer Floor & Decor are "grasping at straws" when they say company insiders sold $466 million worth of stock in 2018 based on yet-to-be-public knowledge that sales were faltering, and the shareholders' lawsuit alleging insider trading should be thrown out, an attorney for the defendants argued in Delaware Chancery Court on Thursday....

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