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One Unilife lawsuit dismissed

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One of several class-action lawsuits filed against York-based Unilife Corp. has been dismissed after no additional shareholders signed on as lead plaintiff by a Dec. 31 deadline.

The case was filed with the U.S. District Court for the Middle District of Pennsylvania and, like the others, was based on statements from Unilife's former vice president of integrated supply chain, who accused the company of misleading investors and failing to comply with FDA regulations.

"As previously reported, the class action lawsuit was always considered to be frivolous and based mainly on the meritless allegations made by a former employee of the Company," a Unilife news release said.

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