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Securities,
Insurance

Dec. 22, 2022

Policies of underwriter defendants not wanted in securities lawsuit

The Honest Company, which was founded by Alba in 2011 with a mission to create safe and toxin-free formulas for its products, allegedly gave false and misleading information to its shareholders last year, said Glancy Prongay & Murray LLP senior counsel Charles H. Linehan in the complaint.

The lead plaintiff in a proposed securities class action against actress Jessica Alba’s baby and beauty product company no longer wants to compel disclosure of insurance policies against the underwriter defendants, according to a joint motion submitted Tuesday by attorneys at Labaton Sucharow LLP and Shearman & Sterling LLP.

The Honest Company, which was founded by Alba in 2011 with a mission to create safe and toxin-free formulas for...

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