On November 28, 2016, the First Circuit upheld the dismissal of all but one of the class action securities fraud claims against Cambridge, MA drug company, ARIAD Pharmaceuticals, Inc., reaffirming the exacting pleading...more
12/1/2016
/ Class Action ,
Financial Markets ,
Food and Drug Administration (FDA) ,
Material Misstatements ,
Pharmaceutical Industry ,
Pleading Standards ,
Prescription Drugs ,
PSLRA ,
Rule 10(b) ,
Rule 10b-5 ,
Scienter ,
Section 11 ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Securities Fraud ,
Securities Litigation ,
Stock Drop Litigation ,
Stocks
Last summer, in our post titled Protecting Your Business Judgment: Recent Developments in Delaware Law on M&A Deals Involving Controlling Stockholders, we alerted you that two trial courts in the nation’s leading forum for...more