Direct Purchaser Class Certified in Zetia MDL
In an order entered on August 21, 2020 in the Zetia (Ezetimibe) Antitrust Litigation MDL, Senior United States District Judge Rebecca Beach Smith overruled Defendants' objections and adopted and approved in full United States Magistrate Judge Douglas ...
Features: Bradley J. Demuth
Faruqi & Faruqi, LLP Secures Final Approval of a $2,083,333.33 Settlement for Revolution Lighting Techs., Inc. Investors
Faruqi & Faruqi, LLP is pleased to announce that the Court has granted final approval to the settlement in In re Revolution Lighting Techs., Inc., Securities Litigation, No. 1:19-cv-00980-JPO (S.D.N.Y.), a federal securities class action pending in the ...
Features: Katherine M. Lenahan
Faruqi & Faruqi Announces Class Certification Victory in Third Circuit
The Third Circuit, by unanimous decision, recently affirmed class certification for direct purchasers of the opioid addiction treatment Suboxone in an antitrust case alleging that Reckitt Benckiser (now Indivior) took several actions to suppress competition ...
G-20 Is Advised Cross-Border Payment Systems Require Public And Private Collaboration
The Bank for International Settlements' Committee on Payments and Market Infrastructures recently published a report to the G-20 detailing building blocks necessary to enhance cross-border payments. The report groups nineteen specific building blocks ...
Faruqi & Faruqi, LLP Announces Final Approval of a Settlement on Behalf of DPW Holdings, Inc. and its Shareholders
Faruqi & Faruqi, LLP, sole lead counsel, is pleased to announce that the Court granted final approval of a settlement in Ethan Young et al. v. Milton C. Ault, III et al., No. 2:18-6587-PA (C.D. Cal.), a shareholder derivative action brought on behalf ...
Faruqi & Faruqi, LLP Files a Class Action to Recover Unpaid Wages to NYPD Officers Working Paid Details
On June 3, 2020, Faruqi & Faruqi filed a Class and Collective Action in the United States District Court for the Southern District of New York against the City of New York, the New York City Police Department, and a number of vendors who collectively ...
Features: Innessa M. Huot
Faruqi & Faruqi, LLP, as co-counsel, reached $51.2 million settlement In Restasis Antitrust Suit.
Allergan Inc. and Novartis AG recently reached a settlement resolving claims in New Jersey federal court that Allergan engaged in a scheme to block Shire US Inc. (which Novartis later acquired) from competing with Allergan's blockbuster drug Restasis ...
Court Appoints Faruqi & Faruqi, LLP Lead Counsel in the Mesa Air Group Holdings Securities Litigation
On June 23, 2020, United States District Court Judge Douglas L. Rayes of the United States District Court for the District of Arizona appointed Faruqi & Faruqi, LLP as sole lead counsel and its client DeKalb County Pension Fund as sole Lead Plaintiff ...
Features: James M. Wilson, Jr.
Faruqi & Faruqi Secures Eye-Popping $750 Million Settlement
On May 27, 2020 the Honorable Colleen McMahon of the U.S. District Court for the Southern District of New York approved a historically large settlement between Forest Laboratories and direct purchasers of the drug Namenda, represented by Faruqi & Faruqi, ...
Judges Return to State Courts in NYC After 3-Month COVID-19 Closure
State court judges have returned to courthouses in New York City following Chief Judge Janet DiFiore's June 9th order. Read more here. ...
Deadline to submit personal injury opioid claim remains in effect despite COVID-19 epidemic
Those who have been affected by the opioid epidemic can submit claims for potential compensation. However, the deadline to submit the claim is currently set for June 30, 2020. If you believe that you are eligible to file a claim against Purdue, you can ...
Recent Court Order Has Wide-Reaching Impact on the Future of Child Victims Act (CVA) litigation
On May 18, 2020 the Hon. Steven M. Jaeger, A.J.S.C., filed an Order in the case ARK3 Doe v. Diocese of Rockville Centre, et. al., (Nassau County Supreme Court, Index 900010/2019), that will likely have wide-reaching impact on the future of claims brought ...
Court Approves a $5.4 Million Settlement for TBTA Sergeants and Lieutenants’ FLSA Overtime Claims
On May 6, 2020 the Honorable Vernon S. Broderick of the United States District Court for the Southern District of New York approved a $5.4 million settlement for overtime claims raised by a collective of 169 Sergeants and Lieutenants. See Feliciano, et ...
Features: Innessa M. Huot
CAREMARK CLAIMS AGAINST DIRECTORS & OFFICERS OF KANDI TECHNOLOGIES GROUP SURVIVES MOTION TO DISMISS
On April 27, 2020, Vice Chancellor J. Travis Laster of the Delaware Court of Chancery denied defendants' motion to dismiss because a demand on Kandi Technologies Group, Inc. ("Kandi") board of directors would have been futile. In doing so, the Vice Chancellor ...
Faruqi & Faruqi, LLP Wins Class Certification For Nestle Consumers
On April 29, 2020 the Honorable Daniel J. Buckley of the Superior Court of California, County of Los Angeles granted Faruqi & Faruqi, LLP's class certification motion in a consumer class action against Nestle USA, Inc. The motion sought to certify a class ...
Features: Timothy J. Peter
Faruqi & Faruqi, LLP Commences Action Against the Directors and Officers of LabCorp
On April 23, 2020, Faruqi & Faruqi filed a shareholder derivative lawsuit in Delaware's Chancery Court against the board of directors and certain executive officers of Laboratory Corporation of America Holdings ("LabCorp" or the "Company"). The lawsuit ...
Final Approval Hearing in $750 Million Namenda Case Settlement Slated for May 27th
In an order entered earlier this month, Chief U.S. District Judge for the Southern District of New York Colleen McMahon stated that she is not inclined to postpone the final fairness hearing that is scheduled for May 27, 2020 in the "pay for delay" and ...
Features: Kristyn Fields
Court Grants Preliminary Approval of $120 Million Settlement for Direct Purchasers of Loestrin and Minastrin in Antitrust Case
In March, Chief Judge William E. Smith of the United States District Court for the District of Rhode Island preliminarily approved a $120 million settlement for direct purchasers of the birth control pills Loestrin 24 Fe and Minsatrin 24 Fe. See Order, ...
Features: David Calvello
Faruqi & Faruqi Commences Action Against HP Inc.
On April 10, 2020, Faruqi & Faruqi filed a consumer protection and false advertising class action against HP Inc. regarding the marketing and sale of certain color printers. The complaint seeks to hold HP liable for failing to adequately disclose that ...
Features: Timothy J. Peter
Faruqi & Faruqi, LLP Announces Filing of a Class Action Lawsuit Against FGL Holdings (FG)
Faruqi & Faruqi, LLP has filed a class action lawsuit in the United States District Court for the Southern District of New York, Case No. 1:20-cv-03144 on behalf of shareholders of FGL Holdings ("FGL" or the "Company") (NYSE:FG) who have been harmed by ...
Features: James M. Wilson, Jr.