Pomerantz To Rep Investors In Acadia Drug Deaths Case
Law360 (February 27, 2019, 5:17 PM EST) -- Pomerantz LLP has been appointed as lead counsel in a proposed securities fraud class action alleging Acadia Pharmaceuticals Inc. inflated its stock price by hiding safety risks and downplaying reports of deaths connected to its flagship drug used to treat hallucinations and delusions, Nuplazid.
U.S. District Court Judge Anthony Battaglia, who also on Tuesday granted shareholder Thomas Wood’s motion to be lead plaintiff in the California federal court case, said Pomerantz has represented investors in many securities fraud causes.
“The court finds Pomerantz has the resources and experience to effectively manage the class litigation,” the judge wrote.
Judge Battaglia also found...
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