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CITY OF STERLING HEIGHTS v. RECKITT BENCKISER GP.

20-cv-10041 (PKC).

587 F.Supp.3d 56 (2022)

CITY OF STERLING HEIGHTS POLICE & FIRE RETIREMENT SYSTEM, City of Birmingham Retirement and Relief System and City of Pontiac General Employees' Retirement System, Individually and on Behalf of All Others Similarly Situated, Plaintiffs, v. RECKITT BENCKISER GROUP PLC, Rakesh Kapoor, Adrian Hennah, Shaun Thaxter and Adrian Bellamy, Defendants.

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

Signed February 28, 2022.

Attorney(s) appearing for the Case

Christopher Adam Seeger, David R. Buchanan, Seeger Weiss LLP, Ridgefield Park, NJ, Alan Ian Ellman, Christopher Thomas Gilroy, Sarah Delaney, David Avi Rosenfeld, Mario Alba, Jr., Samuel Howard Rudman, Robbins Geller Rudman & Dowd LLP, Melville, NY, Christopher Lewis Ayers, Anderson Kill P.C., New York, NY, for Plaintiff City of Sterling Heights Police & Fire Retirement System.

Christopher Adam Seeger, Seeger Weiss LLP, Ridgefield Park, NJ, Alan Ian Ellman, Christopher Thomas Gilroy, Sarah Delaney, David Avi Rosenfeld, Mario Alba, Jr., Samuel Howard Rudman, Robbins Geller Rudman & Dowd LLP, Melville, NY, for Plaintiff City of Birmingham Retirement and Relief System.

Jessica L. Lewis, Timothy Perla, Wilmer Cutler Pickering Hale and Dorr LLP, Boston, MA, Michael G. Bongiorno, Wilmer Cutler Pickering Hale and Dorr LLP, New York, NY, for Defendants Reckitt Benckiser Group PLC, Rakesh Kapoor.

Israel Dahan, Paul A. Straus, King & Spalding LLP, New York, NY, for Defendant Shaun Thaxter.

OPINION AND ORDER

This federal securities class action centers on the marketing of a pharmaceutical drug that has been a useful tool in combating opioid addiction. Suboxone in Tablet form was first brought to market by a former subsidiary of defendant Reckitt Benckiser Group PLC ("Reckitt"). By 2009...

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