William Nelson v. Indegene, Inc.

CourtDistrict Court, D. New Jersey
DecidedNovember 6, 2025
Docket3:25-cv-01284
StatusUnknown

This text of William Nelson v. Indegene, Inc. (William Nelson v. Indegene, Inc.) is published on Counsel Stack Legal Research, covering District Court, D. New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
William Nelson v. Indegene, Inc., (D.N.J. 2025).

Opinion

NOT FOR PUBLICATION

UNITED STATES DISTRICT COURT DISTRICT OF NEW JERSEY

WILLIAM NELSON,

Plaintiff, Civil Action No. 25-01284 (GC) (JBD) v. MEMORANDUM OPINION INDEGENE, INC.,

Defendant.

CASTNER, District Judge THIS MATTER comes before the Court upon Defendant Indegene, Inc.’s Motion to Dismiss the Complaint pursuant to Federal Rule of Civil Procedure (Rule) 12(b)(6). (ECF No. 9.) Plaintiff William Nelson opposed and Indegene replied. (ECF Nos. 10, 12.) The Court has carefully reviewed the parties’ submissions and decides the matter without oral argument pursuant to Rule 78(b) and Local Civil Rule 78.1(b). For the reasons set forth below, and other good cause shown, Indegene’s Motion is DENIED. I. BACKGROUND A. Factual Background Plaintiff was employed by Indegene from April 18, 2022, until he was terminated on April 14, 2023. (ECF No. 1-1 ¶ 8.) Plaintiff lives in Illinois. (Id. ¶¶ 8-9.) Indegene is incorporated in Delaware and its principal place of business is in New Jersey. (ECF No. 1 ¶ 8; ECF No. 1-1 ¶ 10.) Plaintiff served as a “Senior Director, Omnichannel Marketing - Business Development” and worked remotely. (ECF No. 1-1 ¶¶ 8-9.) Plaintiff has an MBA degree from the University of Chicago Booth School of Business and has “two decades of extensive experience in financial portfolio growth” and “acquisitions and integrations.” (Id. ¶ 19.) As a Senior Director, Plaintiff reported to the Vice President (VP) of “Biotech Strategy & Business Development” who was also the “Unit [Profit & Loss] Owner.” (Id. ¶ 20.) The VP reported to a Senior Vice President (SVP).” (Id. ¶ 21.) Plaintiff alleges the VP and SVP were “close friends since college.” (Id.) Plaintiff alleges that on March 16, 2023, the VP emailed Plaintiff and other employees

about a new deal between Indegene and a biopharmaceutical company called Cingulate. (Id. ¶ 24.) The deal involved Indegene “supporting Cingulate as they take their ADHD drug . . . to the market.” (Id. ¶ 26.) The VP valued the deal at “$110M dollars over 5 years.” (Id. ¶ 27.) The VP’s email stated that Indegene’s first scope of work for Cingulate was still being finalized but would include “$2.5M to begin work in April.” (Id.) Indegene issued a press release about the deal and posted it on the company’s LinkedIn page. (Id. ¶ 28.) Cingulate reported the deal in SEC filings. (Id.) Plaintiff grew concerned about the deal. He determined that “Cingulate’s business cannot support” the deal figures because as of March 2023, Cingulate had “only $7.5 million in current

assets and cash.” (Id. ¶ 34.) Accordingly, Plaintiff believed Cingulate “could not possibly pay Indegene the $2.5 million in the first year . . . while satisfying its other obligations.” (Id.) Plaintiff also alleges that “Cingulate had no revenue, no FDA products to sell, a weak balance sheet, and was in danger of being delisted according to its most recent 8-K.” (Id. ¶ 35.) Plaintiff further alleges that “Cingulate would have to generate an estimated $1 billion in annual revenues” to make good on the deal “since [Selling, General & Administrative] Expenses are capped at 35% of sales maximum as an industry standard.” (Id. ¶ 36.) And although Cingulate had FDA approval for an ADHD drug pending, Plaintiff alleges that “FDA and DOJ’s limits on ADHD drugs . . . provides for a nationwide cap on production,” so “it was a near impossibility and at minimum, highly improbable for Cingulate to reach such revenue in 2023 or by 2026” even with FDA approval for that drug. (Id.) Indegene allegedly knew about Cingulate’s financial condition because of a “Fireside Chat” Indegene hosted that Cingulate attended in February 2020. (Id. ¶ 41.) Indegene was required to perform due diligence on Fireside Chat attendees, “which would have revealed Cingulate’s minimal revenue and prospects.” (Id.)

Plaintiff determined that “Indegene was attempting to create booked revenue for the Company”—an urgent need given Indegene’s financial struggles in early 2023. (Id. ¶ 37.) Indeed, despite the fanfare around Indegene’s agreement with Cingulate, “Cingulate had no expressed financial commitment to Indegene.” (Id. ¶ 38.) Plaintiff alleges that, rather, the deal “was a ruse concocted by both companies for their mutual benefit.” (Id. ¶ 39.) As further support, Plaintiff points to Carlyle Group and Brighton Capital’s liquidation of their positions in Indegene “immediately after the deal was announced ahead of the [Initial Public Offering (IPO)].” (Id. ¶ 42.) Plaintiff believed that this atypical “fire sale” occurred because investors “also discovered that the revenue was overstated.” (Id.)

Plaintiff alleges that this “fraudulent statement on behalf of Indegene” adversely impacted investors and affected the company’s value in advance of its IPO. (Id. ¶ 40.) Plaintiff took his concerns to the VP and SVP in multiple conversations between March and April 2023. (Id. ¶¶ 43- 45.) Plaintiff alleges that he expressed concern about “an effort to fraudulently book revenue” and about the exclusivity term of the Cingulate agreement, as Plaintiff was “in the final stages of closing two [other] ADHD clients with real revenue, financials and products already in the market.” (Id. ¶¶ 43, 45.) On April 14, 2023, Indegene terminated Plaintiff’s employment, attributing it to “Position Elimination.” (Id. ¶¶ 48, 50.) Plaintiff alleges this reason was pretextual and that, instead, Plaintiff was terminated in retaliation for whistleblowing. (Id. ¶ 50.) In support of this allegation, Plaintiff alleges that in February 2023, prior to reporting his concerns, the SVP assured Plaintiff that he would be “retain[ed]” by the company “despite the lack of revenues and lost customers” because “it takes 2 years to be successful as a Business Development person.” (Id. ¶ 52.) Also, in February 2023, Indegene hired an employee who reports to the same supervisor and “performs 90% of the

same job duties as Plaintiff.” (Id. ¶ 50.) Plaintiff further alleges that Plaintiff’s firing was retaliatory because as of March 2024, Indegene was actively hiring for at least nine positions similar to his. (Id. ¶ 51.) Plaintiff also alleges that Indegene took “further retaliatory action” when it raised “unwarranted written allegations of confidentiality breach notifications” through counsel in September 2023, after Plaintiff’s counsel notified Indegene about his whistleblower activity and allegedly retaliatory discharge. (Id. ¶¶ 54-56.) B. Procedural Background Plaintiff initially filed suit in the District Court for the District of New Jersey on April 12, 2024. (ECF No. 1-1 at 4.)1 Plaintiff brought a claim alleging wrongful discharge under the

Sarbanes Oxley Act of 2002 (SOX), as well as two state law claims. On January 10, 2025, the Court dismissed Plaintiff’s federal claim without prejudice because Plaintiff had “not alleged whether he exhausted SOX’s administrative appeals process,” and so “the Court [could not] consider his SOX claims.” See Nelson v. Indegene, Inc., Civ. No. 24-4927, 2025 WL 73287, at *4 (D.N.J. Jan. 10, 2025). The Court then declined to exercise supplemental jurisdiction over the remaining state law claims. (Id.) The Court directed Plaintiff to refile his federal claim in federal

1 Page numbers for record cites (i.e., “ECF Nos.”) refer to the page numbers stamped by the Court’s e-filing system and not the internal pagination of the parties. court after exhausting the administrative process or to proceed with his state law claims in state court. (Id. at *5.) Plaintiff accordingly filed a complaint containing state law claims in state court on February 7, 2025. (ECF No. 1 at 1.) Indegene removed the case to federal court under 28 U.S.C. § 1441

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