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Case Status:    ONGOING    
On or around 09/22/2017 (Ongoing date of last review)

Filing Date: February 02, 2016

According to the law firm press release, Insys is a commercial-stage specialty pharmaceutical company that develops and commercializes supportive care products primarily designed to assist patients with pain management attributable to their disease, treatment, or therapy. The Company’s principal product and source of revenue is Subsys, a sublingual fentanyl spray designed to treat breakthrough cancer pain (“BTCP”) in opioid-tolerant patients.

The shareholder class action complaint alleges that Insys and certain of its executive officers made a series of false and misleading statements, and failed to disclose material adverse facts, about the Company’s business and operations to investors during the Class Period. Specifically, the defendants are alleged to have failed to disclose that: (i) the Company was engaged in the illegal and improper off-labeling marketing of Subsys; (ii) certain Insys employees were complicit in an illegal kickback scheme operated for the purpose of increasing prescriptions of Subsys; and (iii) as a result, the Company’s financial statements were materially false and misleading at all relevant times.

On June 3, 2016, the Court issued an Order appointing Lead Plaintiff and Counsel. Lead Plaintiff filed an amended complaint on June 24.

COMPANY INFORMATION:

Sector: Healthcare
Industry: Biotechnology & Drugs
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: INSY
Company Market: NASDAQ
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: D. Arizona
DOCKET #: 16-CV-00302
JUDGE: Hon. Neil V Wake
DATE FILED: 02/02/2016
CLASS PERIOD START: 03/03/2015
CLASS PERIOD END: 01/25/2016
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Bonnett, Fairbourn, Friedman & Balint, PC (Phoenix)
    2901 North Central Avenue - Suite 1000, Bonnett, Fairbourn, Friedman & Balint, PC (Phoenix), AZ 85012
    602.274.1100 602.274.1199 ·
  2. Goldberg Law PC
    13650 Marina Pointe Dr. Suite 1404 , Goldberg Law PC , CA 90292
    1-800-977-7401 ·
  3. Kessler Topaz Meltzer & Check LLP (Pennsylvania)
    280 King of Prussia Road, Kessler Topaz Meltzer & Check LLP (Pennsylvania), PA 19087
    610.667.7706 610.667.7706 · info@ktmc.com
No Document Title Filing Date
COURT: D. Arizona
DOCKET #: 16-CV-00302
JUDGE: Hon. Neil V Wake
DATE FILED: 12/22/2016
CLASS PERIOD START: 08/12/2014
CLASS PERIOD END: 12/08/2016
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Bonnett, Fairbourn, Friedman & Balint, PC (Phoenix)
    2901 North Central Avenue - Suite 1000, Bonnett, Fairbourn, Friedman & Balint, PC (Phoenix), AZ 85012
    602.274.1100 602.274.1199 ·
  2. Goldberg Law PC
    13650 Marina Pointe Dr. Suite 1404 , Goldberg Law PC , CA 90292
    1-800-977-7401 ·
  3. Kessler Topaz Meltzer & Check LLP (Pennsylvania)
    280 King of Prussia Road, Kessler Topaz Meltzer & Check LLP (Pennsylvania), PA 19087
    610.667.7706 610.667.7706 · info@ktmc.com
No Document Title Filing Date