Shareholders Win Cert. In Suit Over Matrixx Cold Medicine

Law360, New York (February 27, 2012, 4:41 PM ET) -- A group of shareholders won class certification Monday in an 8-year-old Arizona suit alleging Matrixx Initiatives Inc. violated securities laws by concealing reports that cold medication Zicam caused a potentially permanent loss of the sense of smell.

U.S. District Judge Neil V. Wake certified a class of all people and entities who were damaged by their purchases of publicly traded Matrixx securities between Oct. 22, 2003, and Feb. 6, 2004, in a case that traveled all the way up to the U.S. Supreme Court before eventually...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Siracusano, et al v. Matrixx Initiatives, et al


Case Number

2:04-cv-00886

Court

Arizona

Nature of Suit

Other Statutes: Securities/Commodities

Judge

Neil V Wake

Date Filed

April 27, 2004

Law Firms

Companies

Government Agencies