Legal Opinion
Local No. 8 IBEW Retirement Plan v. Vertex Pharmaceuticals Inc.
District Court, D. Massachusetts
Decided October 8, 2014No. Civil Action No. 14-12296-FDSPublishedCited by 1 opinion
1Opinion of the Court
MEMORANDUM AND ORDER ON MOTION FOR APPOINTMENT AS LEAD PLAINTIFF AND FOR APPROVAL OF LEAD COUNSEL
SAYLOR, District Judge.
This is a putative class action involving alleged violations of the Securities Exchange Act of 1934. Local No. 8 IBEW Retirement Plan has brought suit on behalf of a class of similarly situated persons against Vertex Pharmaceuticals Inc. and a number of Vertex employees. Plaintiff alleges that class members were harmed when they purchased Vertex’s common stock at prices that were artificially inflated by the company’s false and misleading statements about its products.…
2Cases cited3 opinions
- In re Party City Securities LitigationDistrict Court, D. New Jersey · 1999
- In re Tronox, Inc. Securities LitigationDistrict Court, S.D. New York · 2009
- In Re Lernout & Hauspie Securities LitigationDistrict Court, D. Massachusetts · 2001
3Cited by1 opinion
- Wentz v. Moderna, Inc.District Court, D. Massachusetts · 2025