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Robert Masters v. Avanir Pharmaceuticals Inc. et al
Case Number:
8:14-cv-00053
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Multi Party Litigation:
Class Action
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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.
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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.