Faruqi Firm Won't Get Lead Role In Roche Takeover Action

Law360, Wilmington (March 14, 2012, 7:54 PM EDT) -- A Delaware judge on Wednesday denied Faruqi & Faruqi LLP a lead counsel role in a shareholder class action over gene sequencing company Illumina Inc.’s efforts to ward off Roche Holding Ltd.’s $5.7 billion hostile takeover bid.

A host of firms have filed seven similar lawsuits concerning the takeover in the past month and had agreed to a leadership structure for the consolidated case, with Chimicles & Tikellis LLP and Bernstein Litowitz Berger & Grossman LLP at the head.

But Faruqi soon lobbied the Delaware Chancery...
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