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TUNG v. BRISTOL-MYERS SQUIBB CO.

18-CV-1611 (JPO).

412 F.Supp.3d 453 (2019)

Jennifer TUNG et al., Plaintiffs, v. BRISTOL-MYERS SQUIBB COMPANY et al., Defendants.

United States District Court, S.D. New York.

Signed September 30, 2019.

Editors Note
Applicable Law: 15 U.S.C. § 78j(b)ss
Cause: 15 U.S.C. § 78j(b)ss Stockholder Suit
Nature of Suit: 850 Securities / Commodities
Source: PACER

Attorney(s) appearing for the Case

Joseph Alexander Hood, II, Jeremy Alan Lieberman, Pomerantz LLP, New York, NY, William H. Narwold, Motley Rice LLC, Hartford, CT, for Plaintiffs.

Yosef J. Riemer, Matthew Osborn Solum, Kirkland & Ellis LLP, New York, NY, for Defendants.

OPINION AND ORDER

In 2014, Defendant Bristol-Myers Squibb Company announced a clinical trial to test the efficacy of one of its newest anticancer drugs. The trial failed, which precipitated a drop in the company's stock price. Plaintiffs now bring this putative shareholder class action, alleging that public...

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