Legal Opinion

SEB Inv. Mgmt. AB v. Endo Int'l, PLC

District Court, E.D. Pennsylvania

Decided December 10, 2018No. CIVIL ACTION NO. 17-3711PublishedCited by 13 opinions

1Opinion of the CourtSavage, Judge

In this putative class action for violations of the Securities Exchange Act of 1934 (Exchange Act), 15 U.S.C. § 78a et seq. , and the Securities Act of 1933 (Securities Act), 15 U.S.C. § 77a et seq. , SEB Investment Management AB (SEB) claims that the defendants publicly downplayed the risks of Endo's reformulated opioid *885pain medication, Opana ER. In essence, SEB alleges that the defendants misrepresented and omitted facts regarding the safety of the reformulated drug and the results of surveillance data that significantly impacted the chances of obtaining FDA approval for abuse-deterrent…

2Cases cited46 opinions

  1. Colorado River Water Conservation District v. United StatesSupreme Court of the United States · 1976
  2. Fowler v. UPMC SHADYSIDECourt of Appeals for the Third Circuit · 2009
  3. Tellabs, Inc. v. Makor Issues & Rights, Ltd.Supreme Court of the United States · 2007
  4. In Re Burlington Coat Factory Securities Litigation. P. Gregory Buchanan, Jacob Turner and Ronald AbramoffCourt of Appeals for the Third Circuit · 1997
  5. Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976

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3Cited by13 opinions

  1. ALLEGHENY COUNTY EMPLOYEES' RETIREMENT SYSTEM v. ENERGY TRANSFER LPDistrict Court, E.D. Pennsylvania · 2021
  2. DELAWARE COUNTY EMPLOYEES RETIREMENT SYSTEM v. ADAPTHEALTH CORP. F/K/A DFB HEALTHCARE ACQUISITIONS CORP.District Court, E.D. Pennsylvania · 2022
  3. FNY Partners Fund LP, on behalf of itself and all others similarly situated, and David R. Hurwitz, individually and on behalf of all others similarly situated v. Capri Holdings Ltd., John D. Idol, Thomas J. Edwards, Jr., Tapestry, Inc., Joanne C. Crevoiserat, and Scott A. RoeDistrict Court, D. Delaware · 2026
  4. HALL v. JOHNSON & JOHNSONDistrict Court, D. New Jersey · 2019
  5. HALMAN ALDUBI PROVIDENT AND PENSION FUNDS LTD. v. TEVA PHARMACEUTICAL INDUSTRIES LIMITEDDistrict Court, E.D. Pennsylvania · 2022

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