Robert Masters v. Avanir Pharmaceuticals Inc. et al

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Case overview

Case Number:

8:14-cv-00053

Court:

California Central

Nature of Suit:

Securities/Commodities

Multi Party Litigation:

Class Action

Judge:

Cormac J. Carney

Firms

Companies

Sectors & Industries:

  1. February 12, 2014

    Avanir Shareholders Can't Halt Proxy Vote

    A California federal judge on Wednesday allowed Avanir Pharmaceuticals Inc.'s shareholder vote on issues like executive pay to proceed despite the objections of a putative class of investors claiming that its proxy notice was misleading, ruling all the information required for an informed vote was in the notice. 

  2. January 17, 2014

    Avanir Faces Investor Suit Over 'Tax Deductible' Claims

    Avanir Pharmaceuticals Inc. was hit with a proposed class action Tuesday accusing the firm of misleading investors ahead of a shareholder vote that it could give out tax-deductible performance executive compensation awards despite allegedly being ineligible for such deductions since 2011.

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