Labaton Sucharow’s SEC Whistleblower Lawyer Files Lawsuit Against Biogen Incorporation

Biogen Inc is being sued by Electrical Workers Pension Fund for falsifying its financial reports and disclosures on immunosuppressant, Tecfidera. Labaton Sucharow’s SEC Whistleblower attorney filed a securities lawsuit against the biopharmaceutical company on October 20th, 2016. Court documents stated Biogen violated the Securities Exchange Act of 1934 and the U.S. Securities and Exchange Commission Rule. Labaton Sucharow Law Firm is representing the Pension Fund, investors and absent members who were misinformed about the growth and sales of Tecfidera. Investors were affected if they bought publicly traded securities from July 23rd, 2014 through July 23rd, 2015.

 

Biogen and specific executives were named in the Electrical Workers Pension Fund v. Kingsley class action lawsuit and accused of hyping the safety of Tecfidera and disclosing dishonest growth potentials. Tecfidera is used by medical physicians to treat multiple sclerosis and was the company’s leading product to generate revenue. The law suit alleges Biogen was aware the product was causing the immune system to weaken. Physicians stopped using the immunosuppressant to treat their patients, which resulted in a reduction of Biogen’s revenue.

 

After a patient who was prescribed Tecfidera died, Biogen was obligated to disclose the safety of its risks. In July 2015, the company quickly reduced its revenue by 50 percent based on revisions to their expectations of the growth of Tecfidera. Biogen’s common stock took more than a 22 percent plunge, causing stock prices to drop by $85.02 per share.

 

SEC Whistleblower lawyer representing Labaton Sucharow Law Firm encourages investors and entities to seek appointment as lead plaintiff if they are shareholders in Biogen publicly traded securities between July 2014 and July 2015. There is no requirement to seek appointment as lead plaintiff to receive financial recovery in the class action if the judge rules in favor of Electrical Workers Pension Fund. The court appoints lead plaintiff as a representative for absent members.

 

To inquire about the Electrical Workers Pension Fund v. Kingsley action, contact Labaton Sucharow and speak with Francis P. McConville. She is available to answer all questions regarding the case and how to serve as lead plaintiff. Labaton is the leading SEC Whistleblower law firm in the nation to represent investors, funds, and whistleblowers. Visit Labaton’s SEC Whistleblower Advocacy online to search for informative resources relating to the whistleblower program and the Dodd-Frank Act. This is the second class action the firm filed in the month of October against publicly traded companies.

Madison Street Capital leads while the rest follow

Since its launch in 2002, the annual M&A Advisor Awards have served to set the benchmark for excellence by recognizing merit in financing, deal making, and restructuring by honoring the exploits of leading corporations and professionals. This year was no different from the others. In this regard, the M&A Advisor has nominated Madison Street Capital, an international investment banking company based in Chicago, as among the finalists for its yearly awards, which are now in their fifteenth year.

This prominent investment banking firm has received two nominations in two different categories, namely the International and Industrials Deal of the Year (Under $100 million) and Boutique Investment Banking Institution of the Year and according to news found on Benzinga.

The former nomination particularly recognized the important role played by Madison Street Capital in helping Dowco to acquire Acuna and Asociados S. A. The acquisition was a multifaceted cross-border deal, which involved several aspects and was led by Karl D’Cunha who is the Senior Managing Director of Madison Street Capital. According to Karl D’Cunha, the company is pleased to be recognized for its exploits in that particular deal.

In a separate statement, the founder, and CEO of Madison Street Capital, Charles Botchway reiterated that the company was happy with its success in facilitating Dowco’s procurement of Acuna & Asociados S.A. He further added that the company was humbled to be in contention for Boutique Investment Banking Institution of the Year given that its employees work diligently across different time zones to partner clients with developing businesses that can meet their varied needs for sustained development and success.

The M&A Advisor will announce the respective winners of its 15th Annual M&A Advisor Awards on November 9, at a Gala hosted at the New York Athletic Club.

About Madison Street Capital

Madison Street Capital is a renowned transnational investment banking institution dedicated to the highest standards of honesty and service in the provision of merger and acquisition knowledge, corporate monetary advisory services, financial opinions as well as valuation services to both public and private corporations. We have office branches in North America, Africa, and Asia. We boast of vast experience in forging partnerships with middle-market companies in various industries and niche markets to realize success via a host of transactions. Madison Street Capital considers emerging markets as a key element of growth for its partners and will continue to dedicate a significant portion of its resources on these markets.

About M&A Advisor

The primary purpose of M&A Advisor since its inception in 1998 is to provide insights and expertise on mergers and acquisitions. Looking back, we have created the leading global network of Turnaround, M&A and Finance experts. Today, M&A Advisor is the distinguished organization identifying excellence, awarding exploits, providing thought leadership and enabling connections among the world’s top finance professionals.

Follow Madison @MadStCap

Sam Tabar and the FullCycle Energy Fund

Just Reported October 18th, 2016: Angel.co lists Sam Tabar as the new CFO of Awearable Apparel. Sam will be advising the tech giant on financial matters relating to fundraising, and corporate investment. This marks another massive step forward for Sam, who was named COO of FullCycle Fund in 2015.

In December of 2015, Sam Tabar was named the Chief Operating Officer of FullCycle Energy Fund, a company that was founded in 2013, which was created in order to finance and own projects that revolutionizes the relationship with waste by converting it into valuable and clean fuel. And as the COO, Tabar was responsible for managing the company’s fund management strategy.

In taking the role is the COO, Tabar said on Twitter that he was honored and excited for the opportunity, and that he looked forward to being able to partner with the talented senior leadership team in order to deliver the mission of FullCycle in moving away from the polluting fuels at lower cost, environmentally friendly fuels and high cost.

In the role with Bank of America, he helped in providing funding managers with targeted introductions for institutional investors including foundations, endowments, fund of funds, pensions and family offices. He had consulted with operations as he built both front and back office teams. And prior to his position at Bank of America, he held the position of Co-head of Marketing for the Sparx Group (PMA), which is the largest independent fund within Asia Pacific. While at the Sparx Group, his responsibilities included managing all of the facets for a global marketing effort. And in addition to his experience in financial management, Tabar has also worked as an attorney for both Schulte, Roth & Zabel and Skadden, Arps, Meagher, Slate & Flom.

In his early career, Tabar graduated with a masters degree in law from the Columbia Law School, and holds a Bachelor’s of Arts from Oxford University where he graduated with honors. He has been the Editor for the Columbia Business Law Journal, and currently serves as a member for the New York State Bar. And as a private venture capitalist, he has became one of the earliest investors for the Tribute, and for SheThinx which is a company that has helped in re-inventing the feminine hygiene industry, this happening through a social mission for empowering women all over the world.  Sam’s official website has more.