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
section 16(b)
Short-Swing Profits Case Comes up Short in Supreme Court (Update)
By Barry Barnett on
You didn't ask what Blawgletter thinks about the Patient Protection and Affordable Care Act, as its fate dangles in the well of the U.S. Supreme Court courtroom. We'll tell you just the same.
The "individual mandate" part of it (and perhaps the requirement that insurers cover all comers) will vanish in a puff of…