Corporate — Shareholder Shows ‘Scienter’ for Securities Fraud (access required)

Zak v. Chelsea Therapeutics Int’l Ltd. (Lawyers Weekly No. 001-047-15, 43 pp.) (Keenan, J.) No. 13-2370, March 16, 2015; USDC at Charlotte, N.C. (Cogburn, J.) 4th Cir. Holding: The 4th Circuit revives a shareholder’s suit alleging a pharmaceutical company violated federal securities laws by making materially misleading statements and omissions about the development and likely approval ...

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South Carolina Lawyers Weekly

Corporate — Shareholder Shows ‘Scienter’ for Securities Fraud

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