If a purchase or sale by an officer,director,or greater-than-10% shareholder that would otherwise result in recoverable short-swing profits was involuntary and did not involve the payment of cash and if there was no possibility of speculative abuse of inside information,than a court may hold that it was a(n)__________ to which no liability will attach.

Question

Quizplus · Accepted Answer

An unorthodox transaction refers to a situation where the transaction was involuntary, did not involve cash, and there was no potential for speculative abuse of insider information, thus exempting it from liability for short-swing profits.

If a Purchase or Sale by an Officer,director,or Greater-Than-10% Shareholder