Shareholder class actions are seeing an uptick after years of limping along, with two law firms out of New York leading the numbers by aggressively targeting biotech and pharmaceutical firms.
Last year’s rise in investor cases—an increase of 32 percent to 44 percent, depending on the research report—was driven in large part by a surge in cases against health care, pharmaceutical and biotech companies. Lawsuits targeting life sciences firms jumped 70 percent from 2014, according to a survey provided earlier this year by Dechert. And two firms, Pomerantz & Co. and The Rosen Law Firm, filed more than half of the 67 cases in that industry.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
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]