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Alan Schmidt v. John Skolas, et al

  1. December 09, 2014

    3rd Circ. Affirms Revival Of Genaera Investor Suit

    The Third Circuit on Monday stood behind its decision to revive a class action alleging that biotech company Genaera Corp. jettisoned assets at "fire sale" prices, despite claims that the litigation was time-barred and ran afoul of basic pleading standards.

  2. November 06, 2014

    3rd Circ. Urged To Rethink Reviving Genaera Investor Suit

    A group of officers of the defunct biotech company Genaera Corp. have urged the Third Circuit to reconsider a recent ruling finding a judge wrongly tossed a putative class action claiming the company undervalued assets sold through a liquidating trust, saying it contradicts U.S. Supreme Court precedent.

  3. October 17, 2014

    3rd Circ. Revives Genaera Investor Suit Over Asset Sales

    The Third Circuit on Friday sided with shareholders who contended a Pennsylvania federal judge had wrongly tossed their putative class action claiming defunct biotech company Genaera Corp. had undervalued assets sold through a liquidating trust, finding the judge's decision was "premature."

  4. September 09, 2014

    3rd Circ. Asked To Revive Genaera 'Fire Sale' Investor Row

    A Pennsylvania federal judge improperly relied on materials outside the record when agreeing that a two-year statute of limitations barred shareholders' putative class action against defunct Genaera Corp. for allegedly undervaluing company assets sold through a liquidating trust, the Third Circuit heard Tuesday.