Alto Says Investors Use Hindsight In Suit Over Drug Trial
Alto Neuroscience has urged a California federal judge to toss an investor suit alleging the psychiatric biotech company and its top brass overstated the efficacy of their lead drug candidate for treating majo... (more story)
Ex-CEO Gets 5 Years In Prison For $212.5M Fraud Case
A New Jersey federal judge on Tuesday sentenced the former CEO of a now-defunct medical billing company to five years in prison, the statutory maximum penalty, for his role in a $212.5 million scheme to inflat... (more story)
Judge Shuts Down Invalidity Theory In Abiomed IP Case
A Massachusetts federal judge has foreclosed one of Abiomed's invalidity defenses in a case brought by rival medical technology firm Maquet over alleged infringement of a patent covering blood pump technology.
Twist Bioscience Investors Seek $17M Stock Fraud Deal OK
Twist Bioscience Corp. and two executives asked a California federal court to give preliminary approval to a $17 million deal they inked with investors to resolve class allegations the company misrepresented t... (more story)
Calif. Case Raises Questions For Medical Practice Investors
The California attorney general's amicus brief in Art Center v. WCE and the California Medical Association's response highlight how the California appeals court's ruling could significantly affect the structur... (more story)
Humana Investor Suit Largely Survives Dismissal Bid
Health insurer Humana can't shed proposed class action claims it misled investors about the financial impact it would see from pent-up demand for healthcare deferred amid the COVID-19 pandemic, a Delaware fede... (more story)