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2nd Circ. Affirms Biotech Founder's Win In Trading Suit

By Katryna Perera ( July 14, 2025, 5:26 PM EDT) -- The Second Circuit on Monday affirmed an early win for the founder of biotech Y-mAbs Therapeutics Inc. in a suit alleging he realized more than $2.5 million in short-swing profits after he exchanged his shares for those of another company, agreeing with the lower court that the move didn't constitute a "purchase."...

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