Saxena White Appointed Co-Lead Counsel in Emisphere Technologies, Inc., Securities Class Action

Saxena White P.A. is pleased to announce that on January 19, 2024, the United States District Court for the District of New Jersey appointed SM Merger/Arbitrage, L.P., Associated Capital Group, Inc., ODS Capital LLC, the Hilary L. Shane Revocable Trust, and Hilary L. Shane as Lead Plaintiffs and Saxena White P.A. as Co-Lead Counsel in the securities class action against Emisphere Technologies, Inc.

The action alleges that Defendants artificially depressed the price of Emisphere common stock during the Class Period in order to ensure that a merger with Novo Nordisk would be consummated. To implement the scheme, Defendants allegedly made a series of materially false and misleading statements and omissions of material facts in public statements issued in connection with the merger.