Amgen Seeks High Court Review Of Investor Class Cert.

Law360, New York (March 7, 2012, 5:19 PM EST) -- Amgen Inc. asked the U.S. Supreme Court last week to review the Ninth Circuit's refusal to decertify a class of shareholders who allege Amgen misled investors about two top-selling anemia drugs, saying the investors did not prove the alleged misstatements were material.

The biotechnology company said in its March 1 petition that the Ninth Circuit was wrong to rule that the pension fund investors only needed to plausibly allege — not prove — that the company's public statements had been false and material in order to...
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