Amarin Corp Plc (AMRN)

[marjac]

Quite to the contrary, this suit likely has merit, and is something that I explored myself, and still might consider.

If I was to move forward, I would represent investors with significant losses (six-seven figures or more) who would opt-out of the Class Action, so that they may receive closer to full value rather than the small fraction that Class Action Plaintiffs inevitably recover. Indeed, I have been in periodic contact with various investors about such an action, and have a list of posters who from their iHub posts may be inclined to join such a case as plaintiffs.

Boilerplate disclosures do not act as blanket insulation against securities fraud. If a risk is generally disclosed, but the full scope and context of the risk is not disclosed, the company could be liable for omissions of material facts.

While I agree that most of the cases we have seen against Amarin over the last few years, have been weak, suits regarding the 3/30/2020 disaster have merit, and should be pursued. Both directly such as this with allegations of fraud/negligent misrepresentation, and derivatively such as breach of fiduciary duty against previous management, and legal malpractice.

Right now I am focused solely on our upcoming Reply Brief. Afterward, I may have to step up my efforts in these other areas. I have been crystal clear in this intention since the epic disaster. I look forward to reviewing the Complaint in this case.