Robbins Geller Obtains Class Certification in Securities Case Against Questcor Pharmaceuticals, Inc.
In a decision issued November 12, United States District Court Judge Dolly M. Gee certified a class of investors who purchased or otherwise acquired common stock of Questcor Pharmaceuticals, Inc. between April 4, 2011 and September 21, 2012 (the "Class Period"), and were damaged thereby. The lawsuit alleges that throughout the Class Period, Questcor and its officers violated the federal securities laws by disseminating false and misleading statements concerning the effectiveness of Questcor's primary product, H.P. Acthar Gel, as a treatment for certain conditions. Lead Plaintiffs Plumbers & Pipefitters National Pension Fund and West Virginia Investment Management Board were appointed as Class Representatives for the Class, and Robbins Geller was appointed as class counsel. The Firm will continue to aggressively litigate the case, which is pending in the Central District of California.