Relevant Factors Weigh In Favor Of Transfer Of Securities Suit, Judge Says
Mealey's (May 24, 2016, 1:32 PM EDT) -- NEW YORK — Transfer of a securities class action lawsuit to another federal district court is proper because shareholders’ claims could have been brought in that court and because the relevant factors “overwhelmingly support transfer of this action to the District,” a federal judge in New York ruled May 19 (William Ahrens, et al. v. CTI Biopharma Corp., et al., No. 16-1044, S.D. N.Y.; 2016 U.S. Dist. LEXIS 66139).
(Opinion available. Document #57-160620-021Z.)
Shareholders William and Penelope Ahrens filed a securities class action complaint in the...