September 12, 2016
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
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.