News

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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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Federal Judge Rules Against SEC in Blockchain ICO Case

December 12th, 2018

Judge Gonzalo Curiel of the Southern District of California recently denied the Securities and Exchange Commission’s (“SEC”) motion for a preliminary injunction against Blockvest, a...

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SEC Chairman Calls For More Detailed Brexit Disclosures

November 28th, 2018

The Wall Street Journal reports that Jay Clayton, Chairman of the United States Securities and Exchange Commission (“SEC”), recently told company controllers and accountants during a...

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Congressional Democrats Fight for Workers’ Rights

November 5th, 2018

On October 30, 2018, Congressmen Jerrold Nadler (D-N.Y.) and Bobby Scott (D-VA) took a crucial step to combat employer’s use of arbitration agreements to restrict workers’ rights by...

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Trump Department of Justice Reverses Position on Trans Rights

November 1st, 2018

On October 25, 2018, the Department of Justice (“DOJ”), arguing on behalf of the Equal Employment Opportunity Commission (“EEOC”), contradicted the EEOC’s prior position regarding the...

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Motion to Dismiss Opposed in Exforge Pay-for-Delay Antitrust Suit

October 26th, 2018

Faruqi & Faruqi represents a proposed class of direct purchasers of high blood pressure drug Exforge in a pay-for-delay antitrust suit against Novartis and Par Pharmaceutical.  Faruqi seeks...

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The SEC Issues Investigative Report Cautioning Public Companies To Consider Cyber Threats When Implementing Internal Accounting Controls

October 23rd, 2018

The United States Securities and Exchange Commission (“SEC”) issued an investigative report on Tuesday, October 16, 2018 cautioning public companies to consider cyber threats when implementing...

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New California Law on Blockchain Technology

October 23rd, 2018

California recently passed Senate Bill No. 838 (the “Bill”), which will allow private and social purpose corporations incorporated in-state to use blockchain technology to issue stock and keep...

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It May Be Fall But the Generic Pricing MDL Springs Forward

October 18th, 2018

On October 16, 2018, the United States District Court for the Eastern District of Pennsylvania (Rufe, J.) entered an opinion and order denying over 30 separate motions to dismiss filed by 15...

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Bitcoin Price Plummets Amid Reports of Regulatory Scrutiny and Market Manipulation

October 10th, 2018

Bitcoin’s price has decreased 60% since reaching its record high last year.  This can be attributed to at least two factors: regulatory scrutiny and market manipulation. Regulatory Scrutiny:...

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