Anyone have change for a penny? A few things…

Horizon Lines, Hawaii’s second-largest shipper, said Friday it has been named as a defendant in a securities class-action lawsuit. (HRZ)

Horizon Lines Inc., the second largest shipper of goods to Hawaii, said it has been named as a defendant in a securities class action lawsuit filed on behalf of investors who bought the company’s common stock from March 2, 2007 through April 25, 2008.

A federal class action accusing Amgen and other biotech firms of illegally promoting off-label use of drugs in violation of the RICO Act seems to have lost much of its clout. Federal Judge Philip Gutierrez dismissed the multidistrict litigation last month, telling seven health-benefits plans they cannot use federal civil racketeering and state unfair business [...]

Douglas County Commissioners and other public entities across the country have asked a federal judge in Massachusetts to consolidate their drug pricing lawsuits against McKesson Corp. and another company into a class-action lawsuit.

On December 24, 2008, a class action lawsuit was filed in the United States District Court for the District of New Mexico against Emcore Corporation. The complaint alleges violations of federal securities laws, Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, including allegations that Emcore issued a series of [...]

NEW YORK, Dec. 31, 2008 — On December 31, 2008, Scott+Scott LLP filed a class action against JA Solar Holdings Co., Ltd. and certain officers and directors in the U.S. District Court for the Southern District of New York.

The financial crisis has triggered a jump in securities class-action lawsuits, a trend that may weigh on insurers including Chubb Corp., American International Group and XL Capital.

On December 8, 2008, the law firms of Sarraf Gentile LLP and Vianale & Vianale LLP filed a securities fraud class action lawsuit in New York City on behalf of those investors who acquired the securities of Crystallex International Corporation between July 28, 2005 and April 30, 2008.

The 3rd Circuit has vacated a lower court’s decision to certify a class action over an alleged price-fixing conspiracy, finding the judge had erred by failing to conduct a sufficiently “rigorous analysis” before concluding that the proposed class would be able to prove “antitrust impact” through common rather than individual evidence. The circuit found the [...]