Credit: canjoena/Adobe Stock Skadden to Defend Directors of Healthcare Apparel Company Accused of Inflating Stock Prices
This suit was surfaced by Law.com Radar. Read the complaint here.
August 04, 2023 at 11:02 AM
1 minute read
The original version of this story was published on Delaware Law Weekly
D. McKinley Measley and Alexandra M. Cumings of Morris, Nichols, Arsht & Tunnell and Paul J. Lockwood of Skadden, Arps, Slate, Meagher & Flom have stepped in to represent certain members of the board of directors of FIGS Inc., a health care apparel company, and other defendants in a pending shareholder derivative lawsuit. The complaint, filed June 11 in Delaware District Court by Rigrodsky Law and the Rosen Law Firm, contends that the defendants made materially false statements about FIGS' data analytics capabilities to inflate the price of the company's stock and pocket over $1 billion in proceeds from insider sales. The case, assigned to U.S. District Judge Maryellen Noreika, is 1:23-cv-00755, Wubben v. Hasson et al.
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