The complaint alleges that on September 8, 2014 , Seres announced final data from its Phase 1b clinical trial of SER-109, which yielded positive results including clinical cures and a favorable safety profile. Seres proceeded to Phase 2 of the clinical trial to further evaluate the efficacy of SER-109. Meanwhile, the company shed SER-109 in a positive light, stating that it believed SER-109 …
The U.S. Supreme Court has asked the solicitor general to weigh in on a jurisdiction question for a federal securities lawsuit out of California. The case of Cyan Inc. vs. Beaver County Employees Retirement Fund is currently in front of the nation’s highest court. The issue at hand is whether state courts lack subject matter jurisdiction over specific class actions.
Pomerantz LLP announces that a class action lawsuit has been filed against Mylan N.V. (“Mylan” or the “Company”) (NASDAQ: MYL ) and certain of its officers. The class action, filed in United States District Court, Southern District of New York, and docketed under 16-cv-08000, is on behalf of a class consisting of all persons or entities who purchased …
One major group directly affected by the Wells Fargo scandal- the customers who had fraudulent accounts opened in their names – may have their hands tied. As lawmakers pointed out at congressional …
SAN FRANCISCO (Legal Newsline) – Wells Fargo shareholders this week filed a class action lawsuit against the bank, its chairman and CEO, CFO and the former head of its community banking division, alleging the Wells Fargo executives “concealed” the fact that the source of the bank’s record so-called “cross-selling” was based on fraudulent activity. “While bragging about the Company’s cross- …
The National Football League’s $1 billion concussion settlement should be rejected, according to a Supreme Court petition filed Sept. 26. The deal unfairly denies compensation to some former players and circumvents due process standards for class action settlements, the petition says. The settlement would create a compensation plan for more than 20,000 former …
A federal judge has granted class action status to a lawsuit filed against the state of Utah on behalf of several mentally ill prison inmates. The Disability Law Center is suing the state on behalf of three inmates in Utah jails, alleging that they’re being held unconstitutionally while they wait to get treatment at the Utah State Hospital. Aaron Kinikini is the center’s legal director.
The state of that enter the state from other states after the Owner-Operator Independent Drivers Association reached a $44.4 million tax refund agreement with the state. The state’s Supreme Court agreed earlier this year with OOIDA’s challenge that the registration and decal taxes in the state were unconstitutional and discriminatory against out-of-state truckers who drive mostly in other …
Federal regulators might have green-lighted the $44 billion acquisition of Syngenta AG (SYT) by China National Chemical Corp., but Syngenta still has unsettled business to tend to. Notably, its rocky relationship with farmers. According to a recent court filing, a U.S. district court judge in Kansas ruled that the numerous lawsuits brought against Syngenta by U.S. farmers over sales of biotech …
SEATTLE–(BUSINESS WIRE)–Attorney Advertising. The law firm Keller
Rohrback L.L.P., which over a year ago filed the first
class action lawsuit against Wells Fargo Bank, N.A. (NYSE: WFC) for
opening unauthorized accounts, announced it is investigating allegations
of similar practices at other consumer banks.