Executives and directors of biopharmaceutical company Ardelyx have been hit with a shareholder derivative suit in Massachusetts federal court alleging the company misled investors over its intentions and ability to apply for a Medicare reimbursement program for its kidney disease treatment. According to the complaint filed on Friday, Ardelyx obtained approval to distribute Xphozah, an…

Executives and directors of UnitedHealth Group were hit with a shareholder derivative suit alleging they concealed that the U.S. Department of Justice reopened an antitrust investigation into the health insurance giant following its acquisition of a healthcare data company and that its brass knowingly sold more than $100 million of shares before the information was…

Data analytics giant Equifax has been accused by a pair of home mortgage lenders of monopolizing the market for electronic income and employment verification services, leading to higher prices. The proposed class action was filed the in Philadelphia federal court on Tuesday, alleging Equifax had a “stranglehold” over a verification process that is a critical…

A New York federal judge consolidated six proposed price-fixing class actions against domestic sugar producers, siding with plaintiffs who wanted to try the cases as part of a multidistrict litigation. Four proposed class actions from direct granulated sugar purchasers and two from indirect buyers are included in the consolidated case, which moves them under one…