Hon. Jesse Furman, United States district judge for the United States District Court for the Southern District of New York. Photo: Ryland West/ALM Bristol Myers Urges Dismissal of $6.4 Billion Lawsuit, Arguing Lack of Subject Matter Jurisdiction
Bristol Myers Squibb counsel from DLA Piper told U.S. District Court Judge Jesse Furman on Friday that the UMB Bank NA had no standing to sue -- claiming the bank was not properly appointed as successor trustee.
September 06, 2024 at 04:54 PM
3 minute read
An attorney for Bristol Myers Squibb on Friday urged a New York federal judge to dismiss a $6.4 billion action against the pharmaceutical giant, claiming the plaintiff has no subject matter jurisdiction.
UMB Bank NA filed suit against Bristol Myers in 2021, alleging the company delayed approval of a cancer drug in order to dodge payments to shareholders of the former Celgene Corp. Bristol Myers acquired Celgene in 2019 for $80.3 billion.
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