Police and Fire Retirement System of the City of Detroit v. Crane et al

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Case overview

Case Number:

3:13-cv-00945

See also:

Court:

California Northern

Nature of Suit:

Securities/Commodities

Multi Party Litigation:

Class Action

Judge:

Vince Chhabria

Firms

  1. December 17, 2015

    $5M Health Software Shareholder Deal Gets Initial OK

    A Detroit retirement system alleging Epocrates Inc. misled investors by prematurely accounting for its flagship product's revenue, just after the health software company went public in 2011, has received initial court approval of a $5.1 million settlement.

  2. March 16, 2015

    Epocrates Must Face Investors' Suit Over Financial Disclosures

    Health software company Epocrates Inc. and its executives must face a proposed class action alleging they misled investors by failing to disclose it pumped up revenues after its 2011 initial public offering by restructuring contracts in order to stave off a projected negative forecast, a California federal judge ruled Friday.