Federal Judge: Investment Fund Doesn’t Show Loss In Medical Securities Suit

( November 16, 2023, 12:00 PM EST) -- SAN JUAN, Puerto Rico — A federal judge in Puerto Rico dismissed with prejudice federal securities claims against a pharmaceutical company and its founder filed by an investment fund that accused the company of lying to investors about having equipment to produce ibuprofen in the territory, with the judge finding that the investment fund failed to establish that loss causation incurred as a result of the alleged misstatements....

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