Category Archives: securities fraud
The State of Florida is Set to Sue a Major Pharmaceutical Company for Stock Fraud
According to reporting from The Washington Post, Florida is preparing to sue Valeant, a multi-billion dollar pharmaceutical company, for stock fraud. Florida officials believe that the state pension program has lost $62 million on shares of Valeant that were purchased between 2013 and 2016. Recently, evidence has come to light that the stock price… Read More »
Florida Corporation Files Multi-Count RICO Lawsuit
A Florida corporation’s recently-filed lawsuit against one of its competitors highlights the far-ranging implications of the Racketeer Influenced and Corrupt Organizations Act (RICO). Congress initially implemented RICO in the early 1970s to help police and law enforcement professionals combat the growing influence of organized crime. Prior to RICO, prosecutors were forced to use ordinary… Read More »
