Construction Workers Pension Trust Fund v. Genoptix, Inc et al

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Case overview

Case Number:

3:10-cv-02502

Court:

California Southern

Nature of Suit:

Securities/Commodities

Multi Party Litigation:

Class Action

Judge:

Cathy Ann Bencivengo

Firms

Companies

Sectors & Industries:

  1. February 11, 2014

    Novartis Cancer Unit To Pay $8M To Settle Securities Row

    Novartis AG subsidiary Genoptix Inc. will pay nearly $8 million to end a putative securities class action alleging the company misrepresented customer demand for diagnostic cancer testing and didn't disclose factors dragging down demand, according to a settlement stipulation filed Tuesday in California federal court.

  2. July 13, 2012

    Novartis Cancer Unit Escapes Securities Suit

    A California federal judge on Wednesday dismissed a proposed securities class action accusing Novartis AG subsidiary Genoptix Inc.'s executives of feathering their nests with company cash as sales figures tanked, ruling the firm's inaccurate revenue forecasts were forward-looking statements immune to litigation.

  3. April 07, 2011

    Shareholder Suits Over Genoptix Sale Consolidated

    A California federal judge on Wednesday consolidated two investor class actions against laboratory services company Genoptix Inc., which Novartis AG agreed to buy for $470 million in January, and appointed Robbins Geller Rudman & Dowd LLP as lead counsel.

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