Ichor Investors Drop Short-Swing Profit Suit After CEO Swap Plan

Ichor Holdings Ltd. shareholders dropped their lawsuit alleging CEO Jeff Andreson made about $177,000 in profit through trades of the company’s stock in a six-month period after an announcement he’d be phased out.

Investors Calenture LLC and Dennis Donoghue, who sued saying that money was Ichor’s property under a federal securities law provision that governs such “short-swing” trades by corporate insiders, told the US District Court for the Southern District of New York they were voluntarily dismissing the suit on Aug. 9.

• Ichor, a fluid delivery subsystems manufacturer for semiconductor equipment, said last week that the board and Andreson agreed ...