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Pet Pharma Co. Sidesteps Investor Suit Over Dog Drug Delays

Law360 (June 12, 2018, 5:17 PM EDT) -- A veterinary pharmaceutical company likely didn't mislead investors about the timeline for bringing an appetite stimulant for dogs to market, a New York federal judge said Monday in dismissing a proposed securities class action alleging that a delay in the drug's availability caused the company's stock to nosedive.

U.S. District Judge Paul A. Engelmayer said lead plaintiffs Joseph Bessent, John Corbitt and Eric Pearson fell short of showing Aratana Therapeutics Inc. and two of its officers had perpetrated a securities fraud, finding investors hadn’t shown the...
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Case Information

Case Title

In re Aratana Therapeutics Inc. Securities Litigation


Case Number

1:17-cv-00880

Court

New York Southern

Nature of Suit

Securities/Commodities

Judge

Paul A. Engelmayer

Date Filed

February 6, 2017

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