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Zappia v. Myovant Sciences Ltd. et al
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January 30, 2025
The Second Circuit on Thursday declined to revive an investor suit alleging a merger between Sumitomo Pharma America Inc. and Myovant Sciences Ltd. was undervalued because the lawyers from Skadden Arps Slate Meagher & Flom LLP who helped negotiate the deal had undisclosed conflicts of interest.
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January 02, 2024
Sumitomo Pharma America Inc. and Myovant Sciences Ltd. have escaped for good a proposed class action alleging the companies' merger was undervalued because the lawyers from Skadden Arps Slate Meagher & Flom LLP who helped negotiate the deal had undisclosed conflicts of interest.
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November 02, 2023
Executives of Sumitomo Pharma America Inc. and Myovant Sciences Ltd. have urged a New York federal judge to toss a proposed class action claiming the companies' merger was undervalued because lawyers from Skadden Arps Slate Meagher & Flom LLP who helped negotiate the deal had undisclosed conflicts of interest, saying the complaint doesn't show any actual conflicts to begin with.
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October 11, 2023
Two firms have been named lead counsel for a proposed class action against Myovant Sciences Ltd. and Sumitomo Pharma America Inc. claiming lawyers from Skadden Arps Slate Meagher & Flom LLP who helped negotiate a merger between the pharmaceutical companies had undisclosed conflicts that resulted in a low-value deal, causing losses to Myovant minority shareholders.
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September 14, 2023
Pharmaceutical companies Myovant Sciences Ltd. and Sumitomo Pharma American Inc. were sued by a shareholder alleging that lawyers from Skadden Arps Slate Meagher & Flom who helped negotiate a merger between the companies had undisclosed conflicts that resulted in lost value to Myovant minority shareholders after the deal went through at what they called a suboptimal price.