Pozen Scores Win In Shareholder Suit Over Treximet

Law360, New York (October 1, 2009, 2:47 PM EDT) -- A federal court has dismissed a consolidated putative securities class action against Pozen Inc. over disclosures made while the pharmaceutical company was seeking approval from the U.S. Food and Drug Administration for migraine treatment Treximet.

In a ruling issued Tuesday, Judge N. Carlton Tilley of the U.S. District Court for the Middle District of North Carolina agreed with a magistrate judge's recommendations that the case be dismissed, overriding the plaintiffs' subsequent objections.

Judge Tilley also denied an alternative request by the plaintiffs to further redraft their...
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