News

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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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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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