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TITLE Supreme Court Decision 2022Da253724 Decided August 31, 2023 ¡¼Return of Short-Swing Profits¡½ [full Text]
Summary
¡¼Main Issue and Holding¡½ In a case where the insider of a stock-listed corporation purchases or sells a security issued by the said corporation within six months from its issuance, whether the said insider is liable for the return of short-swing profits to the extent of the coincidence of the quantity of the purchase and sale of the stock certificate notwithstanding that the said insider had already possessed the identical security issued by the said corporation prior to the pertinent six-month period (affirmative)
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