News

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DOL Proposes New Rule for Overtime Eligibility

March 12th, 2019

On March 07, 2019, the United States Department of Labor (“DOL”) proposed to increase the salary threshold required for executive, administrative and professional (“EAP”) workers to...

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Faruqi & Faruqi Defeats Motion to Dismiss In Consumer Class Action Challenging Bayer’s Flintstones Complete Multivitamin Gummies

March 8th, 2019

On March 6, 2019, Judge John A. Kronstadt of the Central District of California denied Bayer’s motion to dismiss plaintiff’s complaint in its entirety. The Court declined to dismiss...

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Geographical Origin Consumer Cases On The Rise

March 6th, 2019

When shopping for everyday items, it’s not only what’s inside the package that counts. Consumers care about the product’s background, and rightfully so. It comes as no surprise that...

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Federal Judge Reverses Decision in Blockchain ICO Case

February 25th, 2019

Judge Gonzalo Curiel of the Southern District of California has reversed his recent decision to deny the Securities and Exchange Commission’s (“SEC”) motion for a preliminary injunction...

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Faruqi and Faruqi Clients Object to Synergy Pharmaceuticals’ Bankruptcy Plan on Behalf of Putative Shareholder Class  

February 25th, 2019

On February 21, 2019, co-lead plaintiffs of a putative Synergy Pharmaceuticals shareholder class objected to Synergy Pharmaceuticals’ Chapter 11 Bankruptcy Plan.  The objection was made before...

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Defendants’ Motion for Stay Denied in Lamictal Pay-For-Delay Case

February 22nd, 2019

On February 15, 2019, Magistrate Judge Cathy L. Waldor issued a text order denying defendants GlaxoSmithKline PLC and Teva Pharmaceutical Industries Ltd.’s motion to stay the district court...

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Faruqi & Faruqi, on Behalf of Direct Purchasers, Defeats Motion to Dismiss in Zetia Pay-For-Delay Case

February 20th, 2019

On February 6, 2019, Magistrate Judge Douglas E. Miller of the Eastern District of Virginia recommended that the district court deny defendants Merck & Co., Inc. and Glenmark Pharmaceuticals...

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Insider Trading Plans Come Under Legislative Scrutiny

February 4th, 2019

A new House Bill, the “Promoting Transparent Standards for Corporate Insiders Act,” could change how corporate insider trading is conducted and disclosed.  On January 28, 2019, the full House...

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Recent Sec Actions Highlight the Importance of Implementing Effective Cybersecurity Measures

January 24th, 2019

On January 15, 2019, the United States Securities and Exchange Commission (“SEC”) filed a civil complaint against thirteen individuals and entities for allegedly hacking into the SEC’s EDGAR...

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Direct Purchasers of Lamictal Certified as a Class in Pay-for-Delay Case

December 17th, 2018

On December 12, 2018, Judge William H. Walls of the United States District Court for the District of New Jersey certified a class of direct purchasers of GlaxoSmithKline’s blockbuster epilepsy...

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