Clarus Files Lawsuit Against HAP Trading and Harsh A. Padia


SALT LAKE CITY, Sept. 23, 2022 (GLOBE NEWSWIRE) — Clarus Corporation (NASDAQ: CLAR) (“Clarus” and/or the “Company”), a global company focused on the outdoor and consumer enthusiast markets , announced today it has filed a lawsuit in the U.S. District Court for the Southern District of New York against HAP Trading, LLC and Mr. Harsh A. Padia to seek to recover gains from transactions in Clarus common stock and related derivative securities Breach of Section 16(b) of the Securities Exchange Act of 1934, as amended.

Section 16(b) requires beneficial owners of more than 10% of the securities of an issuer to return to the issuer any gains arising from offsetting the highest selling price against the lowest buying price over a six month period, subject to certain exceptions.

A copy of the complaint filed in this complaint can be found at the following link: https://www.claruscorp.com/legal-filings

About Clarus Corporation

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Headquartered in Salt Lake City, Utah, Clarus Corporation is a leading global designer, developer, manufacturer and distributor of premium outdoor equipment and lifestyle products focused on the outdoor and consumer enthusiast markets. Our mission is to identify, acquire and grow outdoor “superfan” brands through our unique “Innovate and Accelerate” strategy. We define a “Super Fan” brand as one that makes the world’s preeminent, performance-defining product that the best user in its class couldn’t live without. Each of our brands has a long history of continuous product innovation for core and everyday users alike. The Company’s products are sold primarily worldwide under the Black Diamond®, Rhino-Rack®, MAXTRAX®, Sierra® and Barnes® brand names through outdoor specialty and online retailers, our own websites, distributors and OEMs. Our portfolio of iconic brands is well positioned for sustained, long-term growth, underpinned by strong industry trends in the outdoor and adventure sports end markets. For more information visit www.claruscorp.com or visit the brands websites at www.blackdiamondequipment.com, www.rhinorack.com, www.maxtrax.com.au, www.sierrabullets.com, www.barnesbullets.com, www . pieps.com or www.goclimbon.com.

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foresighted Testify

Please note that in this press release we may use words such as “appear”, “anticipate”, “believe”, “plan”, “expect”, “intend”, “future” and similar expressions to constitute forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on our expectations and beliefs about future events affecting the Company and therefore involve a number of risks and uncertainties. We caution you that forward-looking statements are not guarantees and actual results could differ materially from those expressed or implied by the forward-looking statements. The potential risks and uncertainties that could cause the Company’s actual results of operations or financial condition to differ materially from those expressed or implied by any forward-looking statements contained in this press release include, among others, the risks and uncertainties more fully described from time to time in the company’s public reports filed with the Securities and Exchange Commission, including in the “Risk Factors” section of the company’s annual report on Form 10-K and/or quarterly reports on Form 10-Q as in the company’s current reports on Form 8 -K All forward-looking statements contained in this press release are based on information available to the Company as of the date of this press release and speak only as of the date of this press release. We undertake no obligation to update any forward-looking statements to reflect events or circumstances after the date of this press release.

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company Contacts:

John C Walbrecht
president
Tel. 1-801-993-1344
[email protected]

Michael J Yates
CFO
Tel 1-801-993-1304
[email protected]

Investor Relations Contact:

Gateway Group, Inc.
Cody Slach
Tel 1-949-574-3860
[email protected]



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