Loyola Consumer Law Review Volume 9 | Issue 4 Article 4 1997 Without Causation, Fraud and Subsequent Loss are Not Adequate Grounds for Recovery Tom O'Connor Follow this and additional works at: http://lawecommons.luc.edu/lclr Part of the Consumer Protection Law Commons Recommended Citation Tom O'Connor Without Causation, Fraud and Subsequent Loss are Not Adequate Grounds for Recovery, 9 Loy. Consumer L. Rev. 309 (1997). Available at: http://lawecommons.luc.edu/lclr/vol9/iss4/4 This Recent Case is brought to you for free and open access by LAW eCommons. It has been accepted for inclusion in Loyola Consumer Law Review by an authorized administrator of LAW eCommons. For more information, please contact
[email protected]. RECENT CA SES Without Causation, Fraud and Subsequent Loss Are Not Adequate Grounds for Recovery by Tom O'Connor In Mark Law v. Medco Research September 1, 1992 should have a new drug was "on track." These Inc., 113 F.3d 781 (7th Cir. 1997), provided "storm warnings" to articles reported that: (1) Defen- Mark Law ("Plaintiffs") filed a class investors and satisfied the notice dants' supplier of pharmaceuticals, action suit for similarly situated requirement. These articles called Fujisawa, was suing the company investors in Medco Research Inc. Defendants an "overpriced hype which sold Fujisawa the production ("Defendants"), claiming Defen- job" whose stock was bought by facilities for Defendants' drug, and dants defrauded their investors. The "idiots." In reviewing this argu- (2) Fujisawa's production facility United States Court of Appeals for ment, the court noted that these had quality and regulatory problems the Seventh Circuit dismissed the articles were not given credence by in producing a number of its drugs.