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de La Soujeole, et al. v. Matrixx Initiatives, Inc. et al
Case Number:
2:09-cv-01479
Court:
Nature of Suit:
Other Statutes: Securities/Commodities
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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February 04, 2013
Zicam Maker Pays $4.5M To Snuff Stock Fraud Suit
Matrixx Initiatives Inc. will dole out $4.5 million to settle a suit claiming its failure to alert the government to complaints that its Zicam cold remedy products allegedly caused users to lose their sense of smell sparked a free fall in its stock price, according to a motion filed Thursday.
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August 01, 2012
Matrixx Investors Get Class Cert. In Suit Over Zicam Effects
An Arizona federal judge on Tuesday certified a class of Matrixx Initiatives Inc. shareholders who claim the company concealed hundreds of reports that its cold remedy Zicam products caused users to lose their sense of smell, which artificially inflated its stock price.
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July 20, 2009
Matrixx Hit With Shareholder Action Over Zicam
A Matrixx Initiatives Inc. shareholder has filed a putative class action accusing the drugmaker of concealing from investors hundreds of consumer reports claiming Zicam caused users to lose their sense of smell.