On March 22, 2011 the U.S. Supreme Court handed down a decision which is likely to have serious repercussions for companies in the bio/pharma tech space. In MATRIXX INITIATIVES, INC., ET AL. v. SIRACUSANO ET AL., the Court rejected Matrixx argument that reports regarding the adverse effect of Zicam, its leading revenue generating product, were not statistically significant and therefore not material.
Noting that the analysis of materiality under the securities laws in fact specific, the Court appears to have relied heavily on two factors:
1. The methodologies and requirements ...
Blog Editors
Recent Updates
- Video: “Stay or Pay” Agreements, Developing Immigration News, EEOC Power Shift - Employment Law This Week
- New York’s Trapped at Work Act, in Effect for Now, but New Bill Aims to Amend Terms and Extend Effective Date
- Video: How Jonathan Brenner Delivers Creative Legal Solutions for California Employers
- Video: FMLA and FLSA Compliance in 2026—New DOL Opinion Letters and Emerging Risks - Employment Law This Week
- Federal Shutdowns and Workplace Law: Navigating Legal Uncertainty