Credit: Kadmy/Adobe StockBaker Botts' Biopharma Client Sues Former In-House Attorney, Others Alleging Extortion Scheme
"They look forward to vigorously litigating these matters in a public forum in the coming weeks and months," said Evan Gotlob, a partner at Lucosky Brookman in New Jersey, denying allegations of wrongdoing against the defendants.
December 10, 2024 at 03:25 PM
5 minute read
A biopharmaceutical company filed suit against its former in-house counsel for allegedly scheming with an investment management firm to extort $2 million worth of shares in exchange for the return of confidential information for its flagship product.
On Dec. 5, attorneys with Baker Botts filed the five-count complaint in U.S. District Court for the Northern District of Illinois on behalf of Spectrum Pharmaceuticals, against its former in-house counsel, Kellie Ann Moore, for failing to turn over her employer-issued laptop that contained attorney-client communications, confidential information, and documents relating to Spectrum's key product, Rolvedon, a medication used to lower the risk of infection for chemotherapy patients. After parting ways with Spectrum in 2019 due to a staffing reduction, Moore allegedly offered to return the laptop and purportedly damaging information in exchange for Spectrum retaining her as a consultant and paying her. Among her demands included 200,000 shares of Spectrum stock, worth approximately $2 million, according to the complaint.
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