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Johansson v. Ferrari et al
Case Number:
1:14-cv-00042
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
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August 21, 2015
Savient Investors Lose Suit Over Pre-Bankruptcy Statements
A Delaware federal judge dismissed a lawsuit Thursday by Savient Pharmaceuticals Inc. investors who claimed the company made misleading statements about its financial health and plans to court buyers before its 2013 bankruptcy.
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January 16, 2014
Savient Hid Cash Woes Before Ch. 11 Sale, Investors Say
Investors in bankrupt Savient Pharmaceuiticals Inc. on Wednesday hit the drug developer's officers and directors with a shareholder class action in Delaware federal court, claiming Savient misrepresented its financial condition before it filed for Chapter 11 and was sold.