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New York Federal Court Dismisses Securities Fraud Claims Against Alkermes For Lack Of Fraudulent Intent | Goodwin


IN THIS ISSUE
New York Federal Court Dismisses Securities Fraud Claims Against Alkermes for Lack of Fraudulent Intent; Fourth Circuit Affirms District Court’s Denial of Leave to File Amended Complaint Against Triangle Capital as Futile; Federal Judge Rules that Weil Must Turn Over Certain Work Product Related to Walgreens-Rite Aid Failed Merger; Delaware Supreme Court Issues Landmark Decision in D&O Insurance Case.

On February 26, 2021, in
In re Alkermes Public Limited Company Securities Litigation, Judge LaShann Dearcy Hall of the United States District Court for the Eastern District of New York dismissed a putative securities class action lawsuit filed by stockholders of Alkermes PLC. In dismissing the case, the court held that plaintiff failed to adequately allege that Alkermes, or its directors, acted with fraudulent intent with respect to any public statements made regarding clinical trials of ALKS 5461, an opioid combination product originally intended ....

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