U.S. District Judge James Lawrence King has denied class certification of a $226 million lawsuit brought by employees of Stiefel Laboratories who alleged the company and its executives significantly undervalued its stock and induced employees to sell their stock back to it prior to announcing a secretly planned sale of the company.
The class action lawsuit was filed in the Southern District of Florida on July 6, 2009, by 242 employees of Stiefel.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Not a Bloomberg Law Subscriber?
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]