Alphatec Shakes Securities Suit Over French Firm Buy

Law360, New York (March 29, 2013, 6:15 PM EDT) -- A federal judge in California threw out a punitive securities class action Thursday accusing medical device firm Alphatec Holdings Inc. of exaggerating the benefits of a tie-up with a French medical firm, ruling that the plaintiffs failed to show how executives could have intentionally deceived shareholders.

Judge Roger T. Benitez in the U.S. District Court for the Southern District of California ruled the plaintiffs where not able to sufficiently allege that company officials knowingly made statements to mislead the public as they were dealing with inventory...
To view the full article, register now.




Case Information

Case Title

Mallen v. Alphatec Holdings, Inc et al

Case Number



California Southern

Nature of Suit



Roger T. Benitez

Date Filed

August 10, 2010

Law Firms


Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.