Pension fund sues BioPharma board due to COVID-Vax fiasco

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Law360 (June 30, 2021, 8:13 p.m. EDT) – An Illinois pension fund hit senior directors of Emergent BioSolutions Inc. in a derivative lawsuit alleging that board members made a coin sale of stocks before their lax oversight for contamination of over 15. Have resulted in millions of Johnson & Johnson COVID-19 vaccine doses.

Lincolnshire Police Pension filed a lawsuit in federal court in Maryland on Tuesday alleging that Emergent executives had breached their fiduciary duty by making the facility operate without proper quality controls and under-trained staff, costing hundreds of millions of dollars after the J. & J contamination became known, the lawsuit states.

AstraZeneca and J&J chose Emergent to manufacture their vaccines in deals that each …

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