NPS Pharmaceuticals Settles 2006 Class Action

NPS Pharmaceuticals Settles 2006 Class Action

NPS Pharmaceuticals Inc., has agreed a $15 million settlement for a 2006 securities class action brought by investors who purchased stock in the company between August 7, 2001 and May 2, 2006.

The lawsuit alleged that NPS misled investors about the effectiveness of its osteoporosis drug 'Preos' which resulted in artificially high stock prices.

Details of how much individuals shareholders will receive from the settlement are pending.

MARCH-20-09: NPS Pharmaceuticals to settle 2006 class-action lawsuit [SALT LAKE TRIBUNE: NPS PHARMACEUTICALS SETTLES CLASS ACTION]

Legal Help

If you have a similar problem and would like to be contacted by a lawyer at no cost or obligation, please fill in our form.
Published on Mar-20-09