BOWNES, Circuit Judge.
This appeal presents another "date of purchase" wrinkle in the tapestry of insider liability for short-swing profits under § 16(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78p(b). Appellant John H. Riseman appeals from the judgment of the United States District Court for the District of Massachusetts holding him liable for profits realized from the alleged exercise of his option to purchase Orion Research, Inc., securities...
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