1-800-Flowers Investor Drops Short-Swing Trade Suit Against Fund

A 1-800-Flowers.com investor has voluntarily dismissed a suit against an investment fund he said wrongly profited from so-called short-swing trading, one of the first securities cases stemming from 2025 market volatility.

The dismissal allows for re-filing, plaintiff Dennis Donoghue said Thursday in a notice to the US District Court for the Southern District of New York. An attorney for Donoghue declined to comment on the record about the reasons for the dismissal, and an attorney for 1-800-Flowers didn’t immediately respond to a request for comment. The docket doesn’t list an attorney appearance for the defendant Fund 1 Investments.

• Donoghue sued ...