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ABRAMSON v. NEWLINK GENETICS CORP.

No. 19-642-cv. August Term, 2019.

965 F.3d 165 (2020)

Trevor ABRAMSON, Individually and on behalf of all others similarly situated, Plaintiff, Michael Nguyen, Individually and on behalf of all others similarly situated, Kelly Nguyen, Individually and on behalf of all others similarly situated Lead Plaintiffs-Appellants, v. NEWLINK GENETICS CORPORATION, Charles J. Link, Jr., Nicholas N. Vahanian, Defendants-Appellees. John B. Henneman, III, Gordon H. Link, Jr., Defendants.

United States Court of Appeals, Second Circuit.

Decided: July 13, 2020.

Attorney(s) appearing for the Case

Kim E. Miller , Kahn Swick & Foti, LLC, New York, NY ( J. Ryan Lopatka , Kahn Swick & Foti, LLC, New York, NY; Lewis S. Kahn and Craig J. Geraci , Kahn Swick & Foti, LLC, New Orleans, LA, on the brief), for Plaintiffs-Appellants.

Sarah M. Lightdale , Cooley LLP, New York, NY ( David H. Kupfer , Cooley LLP, New York, NY; Samantha A. Kirby , Cooley LLP, Palo Alto, CA, on the brief), for Defendants-Appellees.

Before: Kearse, Walker, and Livingston, Circuit Judges.

Plaintiffs Michael Nguyen and Kelly Nguyen brought this class action under S.E.C. Rule 10b-5, 17 C.F.R. 240.10b-5, following the failure of Defendant NewLink Genetics Corporation's ("NewLink") Phase 3 clinical trial for a novel pancreatic cancer drug and the resulting decline in the market value of NewLink shares...

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