Monument Economics Group Celebrates Local Charities this Holiday Season

Monument Economics Group has again made donations to local charities on behalf of its business partners: So Others Might Eat and DC Scores in Washington, DC; Robin Hood Foundation in New York, NY; Broad Street Ministry in Philadelphia, PA; Greater Chicago Food Depository in Chicago, IL; and Semper Fi Fund in San Diego, CA. All of these organizations make a profound difference in their respective communities by combating homelessness, unemployment, mental and physical illness, and poverty. Monument takes great pride in supporting charities who do such great work in our communities.

To learn more about these charities:
So Others Might Eat DC Scores Robin Hood Foundation Broad Street Ministry Greater Chicago Food Depository Semper Fi Fund

Allergan PLC Agrees To Pay $750 Million To Settle Namenda Antitrust Suit

In 2015, Plaintiffs filed a First Amended Class Action Complaint on behalf of a proposed class of direct purchasers of branded and generic Namenda, a drug used to treat moderate-to-severe Alzheimer’s, alleging a two-pronged scheme on the part of Defendants to impair generic competition, including a “reverse payment” agreement to delay generic entry, and the announcement and implementation of a “product hop” or “hard switch” of the market from branded Namenda IR product to Namenda XR in order to undermine and impair generic competition when it belatedly began.  On October 28, 2019, Allergan PLC announced that it had reached a settlement agreement with direct purchaser Plaintiffs for $750 million, thus precluding a trial that was set to begin the same day in New York.

Judge Cites Dr. Lamb’s Analysis in Certifying Class of Indirect Purchasers of Branded or Generic Lovenox

In 2017, Plaintiffs filed an Amended Complaint on behalf of a proposed class of indirect purchasers of Lovenox, and/or its generic equivalent enoxaparin, alleging an agreement among Defendants to monopolize sales of enoxaparin and prevent competition by controlling patented technology used to establish sameness for purposes of obtaining FDA approval to market generic enoxaparin.  Counsel for the Plaintiffs retained Dr. Russell Lamb to analyze whether it was possible to establish, using evidence common to the proposed class as a whole: the relevant antitrust product and geographic markets, and whether Defendants possessed market or monopoly power in those markets; the impact on prices paid by members of the proposed class that Plaintiffs allege arose from Defendants’ allegedly anticompetitive conduct; that all or nearly all members of the proposed class were injured by Defendants’ allegedly anticompetitive conduct; and that aggregate damages to the proposed class as a whole could be reliably calculated using standard economic methods and analyses.

Monument’s Cynthia Jones Judges Preliminary Round of CFA Institute’s Global Investment Research Challenge

This year’s Global Investment Research Challenge is underway, including more than 5,700 participants from 1,100 universities worldwide. This annual event, which is sponsored globally by the CFA Institute and is hosted by local CFA chapters, saw the largest number of New York-area participants ever, with more than 30 university-sponsored teams submitting reports and presenting to a panel of professional Wall Street judges.