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Stock impact report

Clarus Reports Status of HAP Trading Short-Swing Profit Litigation

Clarus Corporation (CLAR) 
NASDAQ:AMEX Investor Relations: claruscorp.com
Company Research Source: GlobeNewswire
SALT LAKE CITY, Dec. 06, 2023 (GLOBE NEWSWIRE) -- Clarus Corporation (NASDAQ: CLAR) (“Clarus” and/or the “Company”), a global company focused on the outdoor and consumer enthusiast markets, reported on the status of its claims against HAP Trading, LLC and Mr. Harsh A. Padia (collectively “HAP Trading”). On November 20, 2023, Clarus submitted its expert’s report calculating the recovery that may be available to Clarus from HAP Trading’s purchases and sales of Clarus common stock in violation of Section 16(b) of the Securities Exchange Act of 1934, as amended. Clarus engaged Charles Lundelius, a Managing Director with Berkeley Research Group, LLC (“BRG”) (https://www.thinkbrg.com/people/charles-lundelius/) to conduct a comprehensive review of HAP Trading’s transactions in shares of Clarus’ common stock during the period July 19, 2022 to September 23, 2022. The Lundelius report reflects a potential recovery of $46,157,732. Rebuttal reports from HAP Trading’s expert are due by December Show less Read more
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