Company

Mobile Healthcare Company DocGo Faces Federal Lawsuit from Investors after CEO Resigns and Stock Plummets

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ALBANY, New York — A federal class action lawsuit has been filed against mobile health care company DocGo, which was contracted by New York City to provide care for migrants. The lawsuit alleges that DocGo and its executives defrauded investors in violation of the federal Exchange Act, leading to significant financial losses. The company’s stock declined following a series of issues, including the resignation of its CEO, Anthony Capone. One potential lead plaintiff in the lawsuit is Joe Naclerio, a resident of Putnam County. Naclerio purchased 500 shares of DocGo stock, making him a significant … Read more

Pharmaceutical Company PDL BioPharma Files Lawsuit Against Eli Lilly and Company Over Alzheimer’s Treatment Compensation

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INDIANAPOLIS, IN — Nevada-based company PDL BioPharma, Inc. has filed a lawsuit against Eli Lilly and Company in the U.S. District Court for the Southern District of Indiana. PDL alleges that Eli Lilly used its technology to develop an Alzheimer’s disease treatment without compensating PDL. According to the lawsuit filed on December 21, 2023, PDL claims that Eli Lilly used its antibody humanization technology to create donanemab, a treatment for Alzheimer’s. Donanemab is expected to receive FDA approval in the first quarter of 2024. The lawsuit refers to a 2000 agreement between Eli Lilly and … Read more