Faruqi & Faruqi LLP - newshttp://www.faruqilaw.com/newsFaruqi & Faruqi LLP - newsCourt Appoints Faruqi & Faruqi, LLP Lead Counsel in Securities Class Action Against Xoma Corporation. http://www.faruqilaw.com/news/show/id/140 On May 13, 2016, District Court Judge Haywood S. Gilliam, Jr. of the United States District Court for the Northern District of California appointed Faruqi & Faruqi, LLP to serve as Lead Counsel in Markette v. Xoma Corporation, et al., Case No. 15-cv-03425-HSG.


For further inquiries regarding this matter, please contact Richard Gonnello at rgonnello@faruqilaw.com or (212) 983-9330.

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Fri, 13 May 2016 00:00:00Raul Mondragon
Court Appoints Faruqi & Faruqi, LLP Lead Counsel in Securities Class Action Against Primero Mining Corphttp://www.faruqilaw.com/news/show/id/139
On May 12, 2016, District Court Judge Beverly Reid O’Connell of the United States District Court for the Central District of California appointed Faruqi & Faruqi, LLP to serve as Lead Counsel in Loftus v. Primero Mining Corp., Case No. 16-01034-BRO (RAOx).

For further inquiries regarding this matter, please contact Richard Gonnello at rgonnello@faruqilaw.com or (212) 983-9330.

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Thu, 12 May 2016 00:00:00Alex Coviello
Faruqi & Faruqi again is awarded certification for having met WBENC’s standards as a Women’s Business Enterprise.http://www.faruqilaw.com/news/show/id/138 National Women’s Business Enterprise Council again awards Faruqi & Faruqi certification for having met WBENC’s standards as a Women’s Business Enterprise (WBE).

http://www.wbenc.org

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Tue, 10 May 2016 00:00:00Alex Coviello
Faruqi & Faruqi Obtains Significant Victory in In re Lihua International, Inc. Shareholder Derivative Action On Behalf Of Lihua International, Inc. And Its Shareholders http://www.faruqilaw.com/news/show/id/136 United States District Judge Ronnie Abrams denied, in part, a motion to dismiss filed by Lihua International, Inc., and former and/or current officers and/or directors Robert C. Bruce, Daphne Yan Huang, Siu Ki Lau, Jonathan P. Serbin, Tianbao Wang, and Ming Zhang, March 9, 2016.  The Court sustained counts of breach of fiduciary duties, waste of corporate assets and gross mismanagement.  Judge Abrams commented that "Plaintiffs have adequately pled that Lihua's directors failed to supervise its operations in China." As noted by Chancellor Allen in In re Caremark Int'l, 698 A.2d 959, 967 (Del. Ch. 1996), director liability based on the duty of oversight " is possibly the most difficult theory in corporation law upon which a plaintiff might hope to win a judgment." Judge Abrams ordered the parties to submit a joint letter by March 16, 2016, indicating availability for a pre-trial conference to be held later in March or April.

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Wed, 9 Mar 2016 00:00:00Raul Mondragon
F&F recognized as “Leaders In Law,” Forbes Magazine, February 29, 2016.http://www.faruqilaw.com/news/show/id/134 Forbes Magazine We’re thrilled to appear in Forbes magazine!

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Mon, 29 Feb 2016 00:00:00Alex Coviello
Faruqi & Faruqi wins appeal in First Circuit, In re LoEstrin 24 FE Antitrust Litigation.http://www.faruqilaw.com/news/show/id/135 The United States Court of Appeals for the First Circuit reversed the grant of a motion to dismiss a complaint alleging a violation of the Sherman Act arising from a reverse payment agreement in a pharmaceutical patent litigation, In re LoEstrin 24 FE Antitrust Litigation.  The First Circuit held that an agreement by a brand pharmaceutical company to delay launching its own authorized generic of LoEstrin 24 Fe, and thus not compete against a generic company in exchange for an agreement by the generic company to quit its challenge to the brand patent and to delay its entry into the market, can constitute a large reverse payment in violation of the Sherman Act.  The case has been remanded to the United States District Court for the District of Rhode Island.   Faruqi & Faruqi is co-lead counsel in the matter on behalf of a putative class of direct purchasers.

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Tue, 23 Feb 2016 00:00:00Alex Coviello
F&F are proud Platinum Sponsors of “McGill Women In Leadership Students’ Association (MWIL)".http://www.faruqilaw.com/news/show/id/133 Faruqi & Faruqi are proud Platinum Sponsors of “McGill Women In Leadership Students’ Association (MWIL)".

 

 

 

 

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Fri, 5 Feb 2016 00:00:00Alex Coviello
Court Grants Final Approval To Settlement In FAB Universal Corp. Securities Litigationhttp://www.faruqilaw.com/news/show/id/132 The Honorable Robert W. Sweet, United States District Judge for the Southern District of New York entered final approval to the settlement reached in FAB Universal Corp. Securities Litigation, wherein F&F served as Co-Lead Counsel on behalf of the Class.  The Order can be accessed through the link below.

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Mon, 1 Feb 2016 00:00:00Derek Behnke
Judge Thomas W. Thrash, Jr., Chief Judge Northern District of Georgia, appoints F&F co-lead counsel in In re The Home Depot, Inc. Shareholder Derivative Litigationhttp://www.faruqilaw.com/news/show/id/131 On January 20, 2016, Judge Thomas W. Thrash, Jr., Chief Judge of the United States Distict Court for the Northern District of Georgia, appointed Faruqi & Faruqi, LLP to serve as Co-Lead Counsel in the consolidated action In re The Home Depot, Inc. Derivative Litigation, Case No. 1:15-cv-2999. Below you will find the signed order.

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Fri, 22 Jan 2016 00:00:00Raul Mondragon
Judge Analisa Torres, Southern District of New York, appoints F&F interim co-lead counsel in Tommie Copperhttp://www.faruqilaw.com/news/show/id/130 On January 4, 2016, Judge Analisa Torres of the Southern District of New York appointed Faruqi & Faruqi, LLP to serve as Interim Co-Lead Counsel in Patzner v. Tommie Copper, Inc., 15 Civ. 3183. Below you will find the signed order.

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Wed, 20 Jan 2016 00:00:00Raul Mondragon