Greenberg Strikes Out in First Trial over Stiefel Buyout

, The Litigation Daily


A former Stiefel Labs employee won a $1.5 million verdict from a Miami jury on Wednesday, vindicating claims that he was duped into selling his stock at a discount before a $2.8 billion buyout by GlaxoSmithKline. The Glaxo unit is also battling SEC claims over the buyout and could face more exposure from at least three other individuals who have brought related cases.

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