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March 22, 2013
09:04 EDTFLMLJudge dismisses 2007 class action case against Flamel Technologies
Flamel Technologies announced that Judge Robert Sweet of the United States District Court for the Southern District of New York issued a summary judgment on March 8 dismissing a class action suit against the company, and its former CEO. The initial class action was filed in 2007 and, during the six year period, had two different plaintiffs. The case, Billhofer v. Flamel Technologies, et al., alleged claims arising under the Securities Exchange Act of 1934 based on certain public statements by the company concerning, among other things, Coreg CR. The Company previously stated that it intended to vigorously defend itself in the action. In dismissing the case, Judge Sweet's opinion states that "as there is no genuine issue of fact and no reasonable jury could find in the lead plaintiff's favor on his claim, the motion for summary judgment is granted."
News For FLML From The Last 14 Days
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May 15, 2015
08:05 EDTFLMLFlamel backs FY15 product revenue $170M-$185M, consensus $187.64M
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08:04 EDTFLMLFlamel reports Q1 EPS 27c, consensus 31c
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May 14, 2015
15:01 EDTFLMLNotable companies reporting before tomorrow's open
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09:43 EDTFLMLFlamel management to meet with SunTrust
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May 8, 2015
11:39 EDTFLMLFlamel jumps after competitors scrap narcolepsy drug development
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08:53 EDTFLMLFlamel has positive read through from competitor news, says JMP Securities
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