Ohio Pension OK'd To Lead Investors Against Mallinckrodt

Law360 (March 12, 2018, 10:52 PM EDT) -- A D.C. federal judge approved the State Teachers Retirement System of Ohio as lead plaintiff in a class action alleging Mallinckrodt PLC executives lied to shareholders about anti-competitive efforts, rejecting another plaintiff's "speculative" allegation that contributions to Ohio's attorney general leaves the pension's legal team vulnerable.

In the suit alleging Mallinckrodt deceived investors over a 850-fold price hike of infant seizure drug Acthar, Amalgamated Bank had vied to be lead plaintiff, arguing Ohio Attorney General Michael DeWine's office picked STRS Ohio's legal firms based on campaign contributions....
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