Pomerantz LLP

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In re MannKind Corporation Securities Litigation, No. 11-CV-00929 (GAF) (SSxx) (C.D. Cal.)   This action alleged that the defendants falsely represented the prospects for its AFREZZA product for the treatment of adult patients with Type 1 and Type 2 diabetes for the control of hyperglycemia, while failing to disclose that the FDA had not approved the protocol that MannKind used for purposes of the FDA approval process.  Pomerantz obtained a settlement valued at $22,000,000, which included a cash component of $16,000,000, with the remaining component comprised of MannKind securities.