Shareholder’s Motion For Extension In Securities Suit Was Untimely, Panel Rules

Mealey's (June 17, 2016, 10:50 AM EDT) -- CINCINNATI — A federal district court did not abuse its discretion in denying a shareholder’s motion for an extension of time to file a notice of appeal of a ruling dismissing his amended securities class action complaint because the motion was untimely and the district court “lacked authority” to grant the motion, a Sixth Circuit U.S. Court of Appeals panel ruled June 1 (Jacob May v. Apricus Biosciences Inc., et al., No. 15-5156, 6th Cir.; 2016 U.S. Dist. LEXIS 10140).

(Opinion available. Document #57-160620-052Z.)

Shareholder Jacob...
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