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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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