We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Alere Escapes Most, But Not All, Of Securities Class Action

Law360, New York (August 23, 2017, 5:11 PM EDT) -- Medical diagnostic equipment maker Alere Inc. won the dismissal of most of a securities fraud class action on Wednesday, with a Massachusetts federal judge concluding that there was little to support the idea that Alere’s bosses knew about most of its alleged wrongdoing.

Alere’s stock price took a beating last year as scandals emerged and its proposed acquisition by Abbott Laboratories was delayed, but U.S. District Judge Patti B. Saris said investors who sued the company and three executives alleging fraud had failed to cite facts...
To view the full article, register now.




Case Information

Case Title

Godinez v. Alere Inc. et al

Case Number




Nature of Suit



Patti B. Saris

Date Filed

April 21, 2016

Law Firms


Judge Analytics

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.