Legal Opinion
In re Galena Biopharma, Inc.
District Court, D. New Jersey
Decided August 21, 2018No. 2:17-cv-929-KM-JBCPublishedCited by 7 opinions
1Opinion of the Court
MCNULTY, U.S.D.J.
*381The plaintiffs have filed a class-action complaint alleging securities fraud against Galena Biopharma, Inc. ("Galena") and several of its officers or key employees. The complaint alleges that the defendants failed to make appropriate disclosures under Item 303 of Regulation S-K and therefore committed securities fraud. Now before the court are defendants' motions to dismiss the complaint. For the reasons expressed herein, those motions are granted without prejudice to the submission of a second amended complaint within 30 days.
I. BACKGROUND1
A. Relevant Parties
Plaintiffs,…
2Cases cited24 opinions
- Warth v. SeldinSupreme Court of the United States · 1975
- Phillips v. County of AlleghenyCourt of Appeals for the Third Circuit · 2008
- Tellabs, Inc. v. Makor Issues & Rights, Ltd.Supreme Court of the United States · 2007
- Basic Inc. v. LevinsonSupreme Court of the United States · 1988
- TSC Industries, Inc. v. Northway, Inc.Supreme Court of the United States · 1976
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3Cited by7 opinions
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- NATIONWIDE MUTUAL FUNDS v. PERRIGO COMPANY PLCDistrict Court, D. New Jersey · 2019
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