Will a court allow the shareholder derivative suit to go for

Assignment Help Business Law and Ethics

Reference no: EM133478286

Question: Shareholders of Clovis Oncology Inc. brought a shareholder derivative suit alleging that the board of directors ignored red flags in the testing of a lung cancer treatment called Rocilentinib. The clinical trials for Rocilentinib failed to follow standard protocol, which would prevent the drug from gaining FDA approval. The company allegedly made public statements about the success of trials that were inconsistent with the information the board received. When Clovis withdrew the drug from FDA consideration in 2016, the stock price plummeted. Will a court allow the shareholder derivative suit to go forward? [In re: Clovis Oncology, Inc. Derivative Litigation, C.A. No. 2017-0222-JRS (Del. Ch.)]

Reference no: EM133478286

Questions Cloud

What are the problems with state run daycare : What are the problems with state run daycare or the benefits? Something more specific.

About the well-known videoconferencing service zoom : What is Zoombombing? Are there any CVEs associated with Zoombombing? SUNYschools should ban Zoom for online teaching/learning

Why don''t the states all just adopt the same type : Why don't the states all just adopt the same type of procedure for filing appeals that is used by the U.S. Supreme Court?

What type of research question is being asked : What type of research question is being asked? Did the study methods address the most important potential sources of bias?

Will a court allow the shareholder derivative suit to go for : When Clovis withdrew the drug from FDA consideration in 2016, the stock price plummeted. Will a court allow the shareholder derivative suit to go forward

Providing freshly baked bread and pastries : providing freshly baked bread and pastries to some of the city's best restaurants, cafes, and shops. Earlier, you had worked on optimising the firms cost

Discussion 3 physical vulnerability assessment of security : Discussion 3 Physical Vulnerability assessment of security perimeters of TechWorx.Assignment: Mr. Scott wants a Physical vulnerability assessment

What would be the likely decision : Should this matter go before the courts what would be the likely decision? Explain the reason for your decision, providing support with legal principles

What are the economic issues involved : What are the economic issues involved? Which economic theories or approaches best explain the issue? What are the statistical facts related to the issue?

User Account

All Pages