Ichor CEO Profited on Short-Swing Transactions, Investors Say

Ichor Holdings Ltd. CEO Jeff Andreson made about $177,000 in profit through trades of the company’s stock within a six-month period, investors allege in a suit filed Friday.

That money “is now Ichor’s lawful property” under Section 16(b) of the Securities Exchange Act, which governs such “short-swing” trades by company insiders, Calenture LLC and Dennis Donoghue say on behalf of the company. They filed their derivative suit in the US District Court for the Southern District of New York.

After the investors made demands on Ichor for action to recover the money, the company notified Andreson of his liability, they ...