In a roundup of the week’s “Legal Lions,” Law360 highlighted a Morgan Lewis victory in which the firm secured a win from the Second Circuit on behalf of the controlling shareholders of Altice USA. The court rejected the plaintiff’s novel short-swing trading theory, finding the shareholders cannot be sued for selling stock during a company’s buyback program and dismissing claims of improper profits.
The Morgan Lewis team included partners Joseph Floren and Ari Selman and associate Michael Paslavsky.