Allergan Says Proposed Class Rep Is 'Serial Litigant'

Law360 (July 29, 2020, 5:27 PM EDT) -- Pharmaceutical company Allergan on Tuesday told a New York federal judge not to certify a proposed class of its investors in a stock drop suit it faces, calling the lead plaintiff a "serial litigant" and contending that the trimmed suit didn't show the company's alleged misstatements moved the needle of the company's stock price.

In a July 28 opposition memo, Allergan and its co-defendants, who are current and former members of its executive team, told U.S. District Judge Colleen McMahon and U.S. Magistrate Judge Gabriel W. Gorenstein that lead plaintiff the Boston Retirement System is a "serial litigant in lawyer-driven securities...

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