News

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California Federal Court Approves “Excellent” $166 Million Settlement for Direct Purchasers of Lidoderm

September 17th, 2018

Last week, a federal judge in California approved a $166 million settlement for a class of direct purchasers who bought the pain medication drug Lidoderm.  Faruqi & Faruqi served as co-lead...

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Ninth Circuit Criticizes Overuse Of Extrinsic Documents By Defendants Seeking To Dismiss Securities Fraud Cases

September 14th, 2018

On August 13, 2018, the Ninth Circuit Court of Appeals issued a decision in Khoja v. Orexigen Therapeutics, Inc., No. 16-56069, 2018 WL 3826298 (9th Cir. Aug. 13, 2018) reversing the United State...

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Federal Court Sustains Criminal Securities Fraud Case Over Initial Coin Offering

September 13th, 2018

U.S. District Judge Raymond J. Dearie of the Eastern District of New York ruled Tuesday that a criminal case alleging that Maksim Zaslavskiy committed securities fraud in connection with the sale...

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Oh My Darling, Memantine: Summary Judgment Denied and Class Certified in the Namenda case

August 22nd, 2018

On August 2, 2018, Judge McMahon denied Forest’s motion for summary judgment and granted certification of a class of Direct Purchasers in In re Namenda Direct Purchaser Antitrust Litigation. ...

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New York Congressman Indicted on Insider Trading Charges

August 16th, 2018

New York Congressman Christopher Collins (“Collins”) was recently arrested and charged with insider trading.  The indictment alleges that Collins, who served on the Board of Directors of...

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A Supreme Court Decision and Executive Order Change the Hiring Process For the SEC’s Administrative Law Judges

August 1st, 2018

On June 21, 2018, in its ruling in Lucia v. Securities and Exchange Commission, No. 17-130, the United States Supreme Court held in a vote of 7-2 that the Securities and Exchange Commission’s...

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Massachusetts Federal Court Approves Over $70 Million in Pay-For-Delay Settlements

August 1st, 2018

On July 18, 2018, U.S. District Judge Denise J. Casper granted final approval to two settlements between a class of direct purchasers and drugmakers Impax Laboratories Inc. and Medicis...

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Closing Time for California Employers Who Short Workers’ Wages at the End of Shifts

July 27th, 2018

On July 26, 2018, the California Supreme Court ruled that Starbucks cannot rely on the de minimis doctrine to combat its ex-employee’s claims for unpaid wages when closing the coffee shop at the...

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Minnesota Federal Court Ices NHL Players’ Concussion Litigation

July 16th, 2018

On July 13, 2018, the United States District Court for the District of Minnesota declined to certify a class of retired National Hockey League (“NHL”) players seeking long term medical...

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Ain’t That a Sham? FTC awarded $448 million over sham litigation claim for Androgel

July 5th, 2018

On Friday, June 29, the FTC prevailed against Abbvie and Besins after a bench trial in which the FTC sought disgorgement damages for sham litigation against generic competitors over the drug,...

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