Securities
Breach of Fiduciary Duty
Class Action
West Palm Beach Police Pension Fund, individually and on behalf of all others similarly situated v. Cardionet Inc.; Arie Cohen; James M. Sweeney; Martin P. Galvan; Fred Middleton; Woodrow Myers Jr., M.D.; Eric N. Prystowsky, M.D.; Harry T. Rein; Robert J. Rubin, M.D.; Randy H. Thurman; Barclays Capital Inc.; Citigroup Global Markets Inc.; Leerink S
Published: Mar. 31, 2012 | Result Date: Jan. 13, 2012 | Filing Date: Jan. 1, 1900 |Case number: 37-2010-00086836-CU-SL-CTL Settlement – $7,250,000
Court
San Diego Superior
Attorneys
Plaintiff
Amber L. Eck
(Haeggquist & Eck LLP)
Mary K. Blasy
(Robbins, Geller, Rudman & Dowd LLP)
Defendant
Joseph E. Floren
(Morgan, Lewis & Bockius LLP)
Karen A. Pieslak Pohlmann
(Morgan, Lewis & Bockius, LLP)
Facts
A class action was filed on behalf of West Palm Beach Police Pension Fund and others against Cardonet Inc. and several individuals and underwriters for the dissemination of allegedly false and misleading statements filed with the Securities and Exchange Commission (SEC) related to Cardionet's initial public offering (IPO) and secondary stock offering.
Result
A $7.25 million settlement was reached.
Other Information
FILING DATE: March 5, 2010.
#86041
For reprint rights or to order a copy of your photo:
Email
jeremy@reprintpros.com
for prices.
Direct dial: 949-702-5390