Securities Litigation Against Scios Dismissed
Securities litigation brought against US firm Scios, and its chief executive Richard Casey, has been dismissed by the US District Court for the Northern District of California. The dismissal was with prejuidice, meaning the plaintiffs will have no opportunity to correct their complaint and refile it.
The action, brought by shareholders, alleged violation of the Federal securities laws based on company statements about clinical studies conducted by the University of Colorado regarding Auriculin (anaritide).
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