State/County - Bensalem Township

Bucks County Negotiates Settlement in Retirement Fund Fraud Suit

Published

4 years ago

October 26, 2021

staff

A Bucks-led class action lawsuit against the pharmaceutical company Endo International for defrauding the Bucks County Employees Retirement System and other investors has reached a $63.4 million settlement it was announced last week.

Attorneys in the case filed notice of the settlement agreement Friday in U.S. District Court for the Eastern District of Pennsylvania.

If approved, the settlement will allow the county retirement system to recoup some funds lost as a result of the Malvern-based company’s misleading business practices. The final amount of the $63.4 million settlement that the county will recover as lead plaintiff of the class has not yet been calculated.

“This administration is committed to combatting fraud, protecting consumer rights, and pursuing recovery of funds for our employees’ retirement system,” said Bucks County Commissioner Diane M. Ellis-Marseglia, who serves as chair of the Retirement Board. “Bucks County government is proud of both the outstanding employee retirement benefits we offer, and the vigilance of our legal counsel, and we will always seek to hold accountable anyone who defrauds us.”

The suit against Endo alleged the company committed securities fraud by engaging in inherently risky and unstable generic drug pricing practices, and failed to disclose those practices and other key information to investors. When those practices caused the market value of Endo’s securities to plummet, class members suffered hundreds of millions of dollars in losses and damages.

Bucks County – which sustained the largest loss of any class member – was appointed in February to serve as lead plaintiff in the class action. As lead plaintiff, the county oversaw an enormous legal effort, including a massive fact discovery and contentious litigation over whether a class of investors should be certified in the case.

“With this recovery, Bucks County is holding Endo accountable for the harm it caused investors, including the Retirement Fund, concerning its massive generic drug price increases,” said County Controller Neale Dougherty, who serves as Secretary of the Bucks County Employees Retirement System Board.

The county was also appointed on Thursday to serve as co-lead plaintiff, together with the Delaware County Employees Retirement System, in a securities fraud class action against AdaptHealth Corporation.

Investors in that case, including Bucks and Delaware counties, allege they suffered investment losses as a result of false and misleading statements from AdaptHealth about its financial performance.

The Bucks County Retirement Board, which administers the retirement fund, is composed of Marseglia, Dougherty, County Treasurer Kris Ballerini, and county Commissioners Bob Harvie and Gene DiGirolamo.

The law firms Saxton & Stump and Robbins Geller Rudman & Dowd LLP, under the supervision of the Bucks County Law Department, represented the retirement board’s interests in the Endo litigation.

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Human Interest - Bensalem Township

Police Seek Info on Missing Teen Believed to be in Lower Bucks Area

Published

23 minutes ago

March 5, 2026

Jeff Bohen

Police from Plumstead Township Police Department with an assist from Tullytown Borough Police are asking for help from the community in attempting to locate a missing 17 year-old .

Ryan Jaatar Age 17 is 5ft 8in Brown eyes and has not been since January 3, 2026, police say.

Jaatar was last seen by his father at their residence in Plumstead Township.

Jaatar’s, according to investigators, is believed to be in the Levittown/Bristol/Croydon area.

Anyone with information, please contact Detective Stacie Arnosky at sarnosky@plumstead.gov or 215-766-8741, ext. 120 or Contact the Tullytown Borough Police Department at 215-945-0999. You can also submit a confidential tip at through this link.

State/County - Bensalem Township

Burlington Bristol Bridge to Close Overnight Beginning Friday for Maintenance Work

Published

4 hours ago

March 5, 2026

staff

The Burlington County Bridge Commission announced that the Burlington Bristol Bridge will be closed to all vehicle traffic from 9 p.m. to 5 a.m. overnight beginning tomorrow (Friday March 6,) to Tuesday, March 10, weather permitting, for maintenance and repair work.

Human Interest - Bensalem Township

Floral Design Program Wins Again at Philadelphia Flower Show

Published

6 hours ago

March 5, 2026

staff

Dr. Patrick M. Jones (left), President & CEO of Bucks County Community College, and Carol Tyler admire the College’s floral design program’s exhibit at the Philadelphia Flower Show featuring “Joan of Arc at Orleans” by Stella Elkins Tyler. The sculpture, donated to the College by the Tyler family, is the centerpiece of the College’s award-winning “Rooted in Art” exhibit. The College was founded on the Tyler estate in Newtown more than 60 years ago. Credit: BCCC

In only its second year, Bucks County Community College (BCCC) picked up another medal at the prestigious horticultural expo for its ‘Rooted in Art’ tribute to Stella Elkins Tyler.

BCCC’s floral design program has once again taken home a prize in only its second year participating in the Philadelphia Flower Show. Students, alumni, and instructors earned a bronze medal for “Rooted in Art,” reflecting the College’s origins of being founded on the Newtown estate of artist and educational philanthropist Stella Elkins Tyler. The exhibit features Tyler’s sculpture “Joan of Arc at Orleans,” donated to the College by Carol Tyler, who visited the show with College President & CEO Dr. Patrick M. Jones (Feature Pic). The College was founded on the Tyler estate in Newtown more than 60 years ago. The exhibit features seven original floral designs, each interpreting the connection between nature, art, and education, alongside six selected student works from the College’s School of Arts and Communication.

Credit: BCCC

A team of 20 students, alumni, and instructors from BCCC’s floral design program helped install “Rooted in Art” at the Philadelphia Flower Show, which reflects the College’s origins of being founded on the Newtown estate of artist and educational philanthropist Stella Elkins Tyler. The exhibit features one of Tyler’s original bronze sculptures, “Joan of Arc at Orleans,” pictured in the background.

Credit: BCCC

Melanie Poff (left) and her mother Els Poff, both Certified Floral Designers from Doylestown and students in BCCC’s floral design program, helped surround “Joan of Arc at Orleans” by Stella Elkins Tyler with botanical beauty at the Philadelphia Flower Show. The sculpture is part of the “Rooted in Art” exhibit, reflecting the deep connection between art, education, and nature that Stella Elkins Tyler championed throughout her life.

Credit: BCCC

Amparito Arriaga, a Certified Floral Designer from Exton and a student in BCCC’s floral design program, installs part of the “Rooted in Art” exhibit at the Philadelphia Flower Show. The exhibit features seven original floral designs, each interpreting the connection between nature, art, and education, alongside six selected student works from the College’s School of Arts and Communication.