JACOBS, Circuit Judge.
Magma Power Company ("Magma") sues under Section 16(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78p(b) ("Section 16(b)"), to capture short-swing profits allegedly earned on trading in Magma stock by The Dow Chemical Co. ("Dow"), which was a statutory insider at the relevant times. The task of matching transactions for the purpose of detecting profits subject to disgorgement under Section 16(b) is ordinarily mechanical; here,...
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