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Tags: do, d&o Posted today (12 hours ago)
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The lawsuit in question was filed in the Northern District of California on March 9, 2010 against Medivation and certain of its directors and offices. As is so often is the case in these kinds of lawsuits, Medivation is a life sciences company whose developmental stage product failed to meet certain clinical trial goals. Specifically, and as reflected in the plaintiffs’ lawyers March 9 press release (here), its product did not meet primary and secondary goals in a Phase 3 clinical trial for patients with mild to moderate Alzheimer’s disease. When the company announced this news, its stock price declined and the lawsuit followed. A copy of the complaint can be found here.
This lawsuit will work its way through the system. The lawyers involved, all of whom undoubtedly are (or when they are retained to defend ... Tags: do, fcpa, blog, securities litigation, d&o Posted yesterday.
Tags: do, d&o Posted yesterday.
In the latest issue of InSights (here), I take a look at the developments to date as the subprime and credit crisis-related cases have worked their way through the system, including trends in motion to dismiss rulings and settlements, as well as with respect to issues such as gatekeeper liability and defense expense costs. Tags: litigation trends, subprime litigation, do, blog, d&o Posted on Mar 9, 2010 (2 days ago)
Tags: do, d&o Posted on Mar 9, 2010 (2 days ago)
The study, by Audit Analytics, is not yet available online, but it has been widely reviewed, including in a March 4, 2010 CFO.com article (here) and a March 1, 2010 article by Matt Kelly of Compliance Week (here).
As reflected in this article, the study shows that there were just 630 companies reporting 674 accounting restatements in 2009. There were 24% fewer restatements in 2009 compared to the prior year, when there were 923. The 2009 figures represent the lowest number of restatements since 2001 (when accounting scandals dominated the headlines). ... Tags: restatements, corporate governance, sarbanes oxley act, do, blog, d&o Posted on Mar 9, 2010 (2 days ago)
Tags: eo, e&o Posted on Mar 9, 2010 (2 days ago)
Tags: eo, e&o Pending legislation would expand scope of parties that may be sued for ... - Lexology (registration) Posted on Mar 8, 2010 (3 days ago)
Tags: do, d&o Posted on Mar 4, 2010 (7 days ago)
Tags: eo, e&o Posted on Mar 4, 2010 (7 days ago)
Tags: do, d&o Posted on Mar 3, 2010 (8 days ago)
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