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Amarin Corporation plc


A securities class action has been filed against Amarin Corporation plc (AMRN) on behalf of a Class consisting of all persons and entities who purchased or otherwise acquired Amarin securities between December 5, 2018 through June 21, 2021.  This case has been filed in the USDC – NJ.

The Complaint alleges that throughout the Class Period, defendants made false and misleading statements and/or failed to disclose material adverse facts about the Company’s business and patent portfolio. Specifically, defendants made false and misleading statements and/or failed to disclose that: (i) there was an increasingly high risk that certain of Amarin’s patents would be invalidated; (ii) once the District Court invalidated certain of Amarin’s patents, there was little to no chance of reversing that ruling; (iii) the Company’s litigation was preventing it from effectuating a successful takeover; (iv) Defendants were downplaying the true threat the ongoing ANDA litigation posed to the Company’s business and future prospects; and (v) as a result, the Company’s public statements were materially false and misleading at all relevant times.

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Securities