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Faruqi Law Blog

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New York State High Court Rules That The Attorney General Has Three Years To Bring Investor Fraud Claims Under the Martin Act

June 15th, 2018

On Tuesday, June 12, 2018, the New York State Court of Appeals held that the Martin Act, N.Y. Gen. Bus. L. Article 23-A, §§ 352 et seq., which “authorizes the Attorney General to investigate and enjoin fraudulent practices in the marketing of stocks, bonds and other securities within or from New York State[,]” is subject to C.P.L.R. 214(2)’s three-year limitation period rather than...

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LGBTQ Rights Not Adversely Impacted by Supreme Court’s Masterpiece Cakeshop Decision

June 5th, 2018

On June 4, 2018, the United States Supreme Court delivered its much-anticipated decision in Masterpiece Cakeshop Ltd., et al. v. Colorado Civil Rights Commission, et al.  In an extremely narrow ruling, the Supreme Court held that Masterpiece Cakeshop did not have to pay penalties for refusing to prepare a wedding cake for a same sex couple. It is crucial to note that the Supreme Court did...

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Retailers Sue Don’t Cry for Me Allergan Over Dry-Eye-Drug Restasis

June 4th, 2018

Major retailers, including Walgreen Co., Albertsons Cos., HEB Grocery Co., and Kroger Co., recently filed a complaint against Allergan Inc., claiming that it violated the antitrust laws to delay competition from generic versions of Allergan’s blockbuster Restasis dry-eye medication.  These retailers join the multidistrict litigation challenging Allergan’s anticompetitive Restasis conduct...

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The Truth of Ruth

May 29th, 2018

RBG, a documentary about the life and career of women’s rights pioneer and Supreme Court Justice Ruth Bader Ginsburg, affectionately known to many as “Notorious RBG,” premiered this past Mother’s Day weekend.  The film scored an impressive 93% on Rotten Tomatoes and was hailed by one reviewer as “educational, fun and inspiring!”  Equally surprising for a small non-fiction film,...

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$166 Million Settlement Approved in Pay-For-Delay Case

May 25th, 2018

In an Order dated May 3, 2018, the Honorable William H. Orrick, III granted preliminary approval to the proposed settlement in the amount of $166 million for the direct purchaser class in the lengthy and complex “pay for delay” antitrust case known as the Lidoderm Antitrust Litigation, pending in the United States District Court for the Northern District of California.   The settlement is...

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