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‘Enforcement 40’ for 2020
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Class Action Against Medis Technologies Dismissed
On August 18, 2008, United States District Judge Paul Crotty granted Medis Technologies motion to dismiss the securities class action filed against it and its CEO, Robert Lifton, in the Southern District of New York. Medis was represented by Deborah Hilarie Renner, Abigail Delette Lauer and Benito Delfin, Jr. of Sonnenschein Nath & Rosenthal in New York. Read the Medis Technologies […]
USANA Securities Class Action Dismissed With Prejudice
On July 23, 2008, United States District Judge Dale Kimball (D. Utah) dismissed with prejudice the shareholder class action suit filed in March of 2007 against the USANA Health Sciences, Inc. and certain of its officers and directors. Citing Tellabs, the court concluded that while “the inference of scienter [in this case could perhaps be] . . […]