BakerHostetler Says Pharma Execs Can't Sue For Illegal Gains

By Matthew Santoni ( December 11, 2019, 7:22 PM EST) -- The CEO and lead director of Madrigal Pharmaceuticals can't allege their outside counsel and BakerHostetler gave them bad advice on complying with U.S. Securities and Exchange Commission rules because they can't use state law to recover "illegal short-swing profits" they had to turn over to the company, the law firm said in Pennsylvania state court filings Tuesday....

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