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SILVERSTEIN v. GLOBUS MEDICAL, INC. et al
Case Number:
2:15-cv-05386
Court:
Nature of Suit:
Other Statutes: Securities/Commodities
Multi Party Litigation:
Class Action
Judge:
Firms
- Ballard Spahr
- Glancy Prongay
- Morgan Lewis
- Robertson Anschutz Schneid Crane & Partners
- Wilson Sonsini
Companies
Sectors & Industries:
-
September 12, 2016
Judge Won't Reconsider Globus Securities Suit Dismissal
A Pennsylvania federal judge said Friday she would not reconsider her decision last month tossing a putative securities fraud class action accusing Globus Medical Inc. of failing to adequately warn investors about a potential revenue slump as a result of its decision to end its relationship with a key distributor.
-
August 26, 2016
Globus Investor Suit Lacked 'Factual Allegations,' Judge Says
A Pennsylvania federal judge threw out a proposed securities fraud class action against medical device maker Globus Medical Inc. and four of its executives Thursday, finding the suit did not adequately allege that 2014 earnings projections fraudulently included revenue from a contract the defendants secretly planned to terminate.