The worst blow may have been sustained by Molina Healthcare, a Long Beach health insurer that was already facing questions about its management, as we reported over the weekend. Molina shares were trading at $115.28, down about 12.5%, in midday action Monday on Nasdaq. Upon the opening, the shares were down as much as 16% from Friday’s closing price of $131.72. (O’Connor issued his ruling after the market’s close on Friday.)

Source: Los Angeles Times December 17, 2018 18:00 UTC