PTC Therapeutics (NASDAQ:PTCT – Get Rating) and Harmony Biosciences (NASDAQ:HRMY – Get Rating) are both mid-cap medical companies, but which is the superior investment? We will compare the two businesses based on the strength of their profitability, risk, earnings, analyst recommendations, valuation, dividends and institutional ownership. Volatility and Risk PTC Therapeutics has a beta of […]
In Short
The Situation: A district court in the Fifth Circuit granted conditional certification under the Fair Labor Standards Act ( FLSA ) to a class of allegedly misclassified truck drivers, analyzing certification using the widely used and rarely reviewed two-step
Lusardi approach. However, the court
sua sponte certified its decision for interlocutory appeal given the inconsistencies in how district courts have evaluated collective action treatment under the FLSA.
The Result: On review, the Fifth Circuit rejected the two-step
Lusardi approach to evaluating collective action certification, holding instead that district courts must rigorously scrutinize the realm of similarly situated workers … at the outset of the case[.]