{"id":688461,"date":"2022-09-23T09:51:54","date_gmt":"2022-09-23T13:51:54","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/clarus-files-lawsuit-against-hap-trading-and-harsh-a-padia-for-recovery-of-short-swing-profits\/"},"modified":"2022-09-23T09:51:54","modified_gmt":"2022-09-23T13:51:54","slug":"clarus-files-lawsuit-against-hap-trading-and-harsh-a-padia-for-recovery-of-short-swing-profits","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/clarus-files-lawsuit-against-hap-trading-and-harsh-a-padia-for-recovery-of-short-swing-profits\/","title":{"rendered":"Clarus Files Lawsuit Against HAP Trading and Harsh A. Padia For Recovery of Short-Swing Profits"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">SALT LAKE CITY, Sept.  23, 2022  (GLOBE NEWSWIRE) &#8212; Clarus Corporation (NASDAQ: CLAR) (\u201cClarus\u201d and\/or the \u201cCompany\u201d), a global company focused on the outdoor and consumer enthusiast markets, announced today that it has filed a lawsuit in the U.S. District Court for the Southern District of New York against HAP Trading, LLC and Mr. Harsh A. Padia to seek to disgorge profits from transactions in Clarus common stock and related derivative securities in violation of Section 16(b) of the Securities Exchange Act of 1934, as amended.<\/p>\n<p>Section 16(b) requires beneficial owners of more than 10% of an issuer\u2019s securities to return to the issuer any profits resulting from matching the highest sales price against the lowest purchase price during any six-month period, subject to certain exceptions.<\/p>\n<p>A copy of the complaint filed in this lawsuit can be found at the following link:\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=dQqrRYVU85dTtRMpjS99HcHpfiVtbIpgYNHkkABhVwgC5pm3t6_fqnHbvQlTPAXucb6amjSC4mPS8shtM-wgyLEVpHrNrpHtJPhAP6F-l-SKFayWGPiIttRPKgEwcbuli3-ft6ct80ReDH-YwYT99A==\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/www.claruscorp.com\/legal-filings<\/a><\/p>\n<p>\n        <strong>About Clarus Corporation<\/strong>\n      <\/p>\n<p>Headquartered in Salt Lake City, Utah, Clarus Corporation is a global leading designer, developer, manufacturer and distributor of best-in-class outdoor equipment and lifestyle products focused on the outdoor and consumer enthusiast markets. Our mission is to identify, acquire and grow outdoor \u201csuper fan\u201d brands through our unique \u201cinnovate and accelerate\u201d strategy. We define a \u201csuper fan\u201d brand as a brand that creates the world\u2019s pre-eminent, performance-defining product that the best-in-class user cannot live without. Each of our brands has a long history of continuous product innovation for core and everyday users alike. The Company\u2019s products are principally sold globally under the Black Diamond\u00ae, Rhino-Rack\u00ae, MAXTRAX\u00ae, Sierra\u00ae, and Barnes\u00ae brand names through outdoor specialty and online retailers, our own websites, distributors, and original equipment manufacturers. Our portfolio of iconic brands is well-positioned for sustainable, long-term growth underpinned by powerful industry trends across the outdoor and adventure sport end markets. For additional information, please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=uFHqArlchoMk5qpJENaCDs_lOzAanNEkxGMpgxA7PbfPW6RtKffkmek9S7nVarRQq2Wi0I78N7g8jrW28uONmzJZGgB_BeGfeM5rwI_jO6k=\" rel=\"nofollow noopener\" target=\"_blank\">www.claruscorp.com<\/a>\u00a0or the brand websites at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Bh5D2KhDV7dx5Zkm21BXnQSHAK05DVGFV0OldmrZneEMHVv32RojVLsms-_zGKqwfEjcarhNWExMcNGd4Rlypy3b_64o8OzNsRiL4cEl5ZB0lbpkNRMVOlJLofzMsCPO\" rel=\"nofollow noopener\" target=\"_blank\">www.blackdiamondequipment.com<\/a>, <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=cuVyVCAyzbia7txcAKjwoxZiRJAwcjh51mhZ94oX4DZmg0Rz3rlqXFYn2ZQzfvQkz5zk-RutDFofJsAgC_CphA==\" rel=\"nofollow noopener\" target=\"_blank\">www.rhinorack.com<\/a>, <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=-Veay5oKrhBEdwA0Pm_DYqF5FH9RQgWQOW1zhwZbnKezytphVBaH5pcMCzWUT1eWc9GXDYh3-OUU-a1h8ClcLd3kD7Vzs3GV41Ultr248aM=\" rel=\"nofollow noopener\" target=\"_blank\">www.maxtrax.com.au<\/a>, <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=LIxdcUs0O3UUfDaD9hFXvxSS7dq0Om21gwcDf_DduJB7OofZ7cvnMDF_wP6fJCZcdLbB8xSlEa1G23a4pEJ53e4rHg_oRlKJQLMSaSU66Lc=\" rel=\"nofollow noopener\" target=\"_blank\">www.sierrabullets.com<\/a>, <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=9wP0umXXD3_YXlP-1G6BHeYVmoFWId3MJtRsGX6hmQxqbzasIgZpoFbidqSKzup8uq65gwhqakVWdZWUBaRB5Gpgr0zu4knpmkH_9UIajiA=\" rel=\"nofollow noopener\" target=\"_blank\">www.barnesbullets.com<\/a>, <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=_zm72388GZdzbpzjLNAZSIJTg_ZaLOIa9LMMW65iB_LMC3uiFo2lDTKWjv7KJOQvpYCphhBNGcLgk0B70ASpXA==\" rel=\"nofollow noopener\" target=\"_blank\">www.pieps.com<\/a>, or <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=oqdWP1QB9RMakHv4O-8gRKepzKY7qrOgftkDv4mjcPk5qp0ivn6Erh_VR0p3H4sdkAD2bs_2_fNbffsUuM9Pdg==\" rel=\"nofollow noopener\" target=\"_blank\">www.goclimbon.com<\/a>.<\/p>\n<p>\n        <strong>Forward-Looking<\/strong><br \/>\n        <strong>Statements<\/strong>\n      <\/p>\n<p>Please note that in this press release we may use words such as \u201cappears,\u201d \u201canticipates,\u201d \u201cbelieves,\u201d \u201cplans,\u201d \u201cexpects,\u201d \u201cintends,\u201d \u201cfuture,\u201d and similar expressions which constitute forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are made based on our expectations and beliefs concerning future events impacting the Company and therefore involve a number of risks and uncertainties. We caution that forward-looking statements are not guarantees and that actual results could differ materially from those expressed or implied in the forward-looking statements. Potential risks and uncertainties that could cause the actual results of operations or financial condition of the Company to differ materially from those expressed or implied by forward-looking statements in this release, include, but are not limited to, those risks and uncertainties more fully described from time to time in the Company&#8217;s public reports filed with the Securities and Exchange Commission, including under the section titled \u201cRisk Factors\u201d in the Company&#8217;s Annual Report on Form 10-K, and\/or Quarterly Reports on Form 10-Q, as well as in the Company\u2019s Current Reports on Form 8-K. All forward-looking statements included in this press release are based upon information available to the Company as of the date of this press release and speak only as of the date hereof. We assume no obligation to update any forward-looking statements to reflect events or circumstances after the date of this press release.<\/p>\n<p>\n        <strong>Company<\/strong><br \/>\n        <strong>Contacts:<\/strong>\n      <\/p>\n<p>John C. Walbrecht <br \/>President<br \/>Tel 1\u2010801\u2010993\u20101344<br \/><u><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=1sfrd_RrsXIZGoS9vKYmv1Zcqd9Aainigy_hqJeIX6STTFa7JE4jUaqCLpRaHXehG3EA-Y2I59JML4dv2jyO2PNGjLdG8ps8xKasHFbOUvwa4vASb89mFF_AbPy5hjGB\" rel=\"nofollow noopener\" target=\"_blank\">john.walbrecht@claruscorp.com<\/a><\/u><\/p>\n<p>Michael J. Yates<br \/>Chief Financial Officer<br \/>Tel 1\u2010801-993\u20101304<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Gd7I8gc0xD7CFis-H0p4SYP2cXgOOLS3o0QxHo1xEBUJc-TscDew53JV2ax_ngB008zIKqlq3JtALGdvsYKrRY9b5OoIaq2utydGdLNcCuuLIbvQHVSBUoB6dscwzD3Y\" rel=\"nofollow noopener\" target=\"_blank\">mike.yates@claruscorp.com<\/a><\/p>\n<p>\n        <strong>Investor Relations <\/strong><br \/>\n        <strong>Contact:<\/strong>\n      <\/p>\n<p>Gateway Group, Inc. <br \/>Cody Slach<br \/>Tel 1\u2010949\u2010574\u20103860<br \/><u><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=u__JewiZU9htf5ZfI8-Q00ZfKjDQ9draJ-zmROEwsMduVqU57RLCXwcm3Bpbn9R9yJl-Ow6WH1SXEi0dQfLp27iOOoOv3SGjl3mptarxPnQ=\" rel=\"nofollow noopener\" target=\"_blank\">CLAR@gatewayir.com<\/a><\/u><\/p>\n<p>\u00a0<\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODY1MjQzMCM1MTY4MjAxIzIwMTAwMzU=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/Njk2ZjZhNzMtMzhiNS00NTc3LWI3ZGYtZDRiZjM2ZWQxNzViLTEwMjE2MDg=\/tiny\/Clarus-Corporation.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SALT LAKE CITY, Sept. 23, 2022 (GLOBE NEWSWIRE) &#8212; Clarus Corporation (NASDAQ: CLAR) (\u201cClarus\u201d and\/or the \u201cCompany\u201d), a global company focused on the outdoor and consumer enthusiast markets, announced today that it has filed a lawsuit in the U.S. District Court for the Southern District of New York against HAP Trading, LLC and Mr. Harsh A. Padia to seek to disgorge profits from transactions in Clarus common stock and related derivative securities in violation of Section 16(b) of the Securities Exchange Act of 1934, as amended. Section 16(b) requires beneficial owners of more than 10% of an issuer\u2019s securities to return to the issuer any profits resulting from matching the highest sales price against the lowest purchase price during any &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/clarus-files-lawsuit-against-hap-trading-and-harsh-a-padia-for-recovery-of-short-swing-profits\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Clarus Files Lawsuit Against HAP Trading and Harsh A. Padia For Recovery of Short-Swing Profits&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-688461","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Clarus Files Lawsuit Against HAP Trading and Harsh A. 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Padia For Recovery of Short-Swing Profits - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SALT LAKE CITY, Sept. 23, 2022 (GLOBE NEWSWIRE) &#8212; Clarus Corporation (NASDAQ: CLAR) (\u201cClarus\u201d and\/or the \u201cCompany\u201d), a global company focused on the outdoor and consumer enthusiast markets, announced today that it has filed a lawsuit in the U.S. District Court for the Southern District of New York against HAP Trading, LLC and Mr. Harsh A. Padia to seek to disgorge profits from transactions in Clarus common stock and related derivative securities in violation of Section 16(b) of the Securities Exchange Act of 1934, as amended. Section 16(b) requires beneficial owners of more than 10% of an issuer\u2019s securities to return to the issuer any profits resulting from matching the highest sales price against the lowest purchase price during any &hellip; Continue reading &quot;Clarus Files Lawsuit Against HAP Trading and Harsh A. 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Padia For Recovery of Short-Swing Profits - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/clarus-files-lawsuit-against-hap-trading-and-harsh-a-padia-for-recovery-of-short-swing-profits\/","og_locale":"en_US","og_type":"article","og_title":"Clarus Files Lawsuit Against HAP Trading and Harsh A. Padia For Recovery of Short-Swing Profits - Market Newsdesk","og_description":"SALT LAKE CITY, Sept. 23, 2022 (GLOBE NEWSWIRE) &#8212; Clarus Corporation (NASDAQ: CLAR) (\u201cClarus\u201d and\/or the \u201cCompany\u201d), a global company focused on the outdoor and consumer enthusiast markets, announced today that it has filed a lawsuit in the U.S. District Court for the Southern District of New York against HAP Trading, LLC and Mr. Harsh A. Padia to seek to disgorge profits from transactions in Clarus common stock and related derivative securities in violation of Section 16(b) of the Securities Exchange Act of 1934, as amended. Section 16(b) requires beneficial owners of more than 10% of an issuer\u2019s securities to return to the issuer any profits resulting from matching the highest sales price against the lowest purchase price during any &hellip; Continue reading \"Clarus Files Lawsuit Against HAP Trading and Harsh A. Padia For Recovery of Short-Swing Profits\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/clarus-files-lawsuit-against-hap-trading-and-harsh-a-padia-for-recovery-of-short-swing-profits\/","og_site_name":"Market Newsdesk","article_published_time":"2022-09-23T13:51:54+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODY1MjQzMCM1MTY4MjAxIzIwMTAwMzU=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/clarus-files-lawsuit-against-hap-trading-and-harsh-a-padia-for-recovery-of-short-swing-profits\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/clarus-files-lawsuit-against-hap-trading-and-harsh-a-padia-for-recovery-of-short-swing-profits\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Clarus Files Lawsuit Against HAP Trading and Harsh A. 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