NEW YORK (Legal Newsline) - An individual has filed a class action lawsuit against an Arizona corporation, Insys Therapeutics Inc., and its officers, Santosh J. Vetticaden and Darryl S. Baker, citing alleged violation of federal securities law.
Kayd Currier filed a complaint on behalf of himself and all others similarly situated March 17 in the U.S. District Court for the Southern District of New York against the defendants, alleging they issued false and misleading information regarding the business and operation of the company.
According to the complaint, the plaintiff alleges he suffered damages from purchasing securities at artificially inflated prices. Currier holds Insys and its officers responsible because the defendants allegedly failed to disclose to the plaintiff the financial results of the company in order to inflate securities prices.
The plaintiff requests a trial by jury and seeks pay damages, interest, all legal fees and any other relief the court deems just. He is represented by Jeremy Lieberman, J. Alexander Hood II and Hui Chang of Pomerantz LLP in New York.
U.S. District Court for the Southern District of New York Case number 1:17-cv-01954-PAC