Judge Grants Final Approval Of $8M Securities Class Action Settlement
Mealey's (January 29, 2016, 9:06 AM EST) -- PHILADELPHIA — A federal judge in Pennsylvania on Jan. 26 granted final approval of an $8 million settlement in a securities class action lawsuit claiming that a pharmaceutical company and certain of its executive officers misrepresented the marketing and sale of one of its antibiotic drugs in violation of federal securities laws (In re ViroPharma Inc. Securities Litigation, No. 12-2714, E.D. Pa.; 2016 U.S. Dist. LEXIS 8626).
(Opinion available. Document #57-160216-033Z.)
U.S. Judge C. Darnell Jones II granted the motion for settlement, which was filed by...