Way back in March 2012, the Supreme Court dealt with a New Deal-era law (section 16(b) of the Securities Exchange Act) that bars "short-swing profits" on a purchase and sale (or sale and purchase) (a) of a public company's equity security, (b) within a six-month period, (c) by an "insider" of the company. The Court held, 8-0, that the two-year limit on how