Mylan Laboratories, Inc. - Securities Class Action

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_______________
Copyright (c) 2001
Stanford Law School

Mylan Laboratories, Inc. Summary: According to the Form 10-Q for the quarterly period ended September 30, 2000, the Company's motion to dismiss the federal securities case was granted on December 22, 1999. The decision was affirmed on appeal.

According to the same 10-Q filing, the class-action was filed in connection with the Federal Trade Commission's 1998 lawsuit, alleging the Company engaged in restraint of trade, monopolization, attempted monopolization and conspiracy to monopolize arising out of certain agreements involving the supply of raw materials used to manufacture two drugs.

The Complaint asserts claims under the federal securities laws, including claims for violation of Section 10(b) and 20 (a) of the Securities Exchange Act of 1934 and Rule 10b-5 of the Securities Exchange Commission, by reason of issuance of certain material facts and omissions in statements concerning Mylan business practices, earnings and profitability that were contained in public press releases and filings with the SEC rendering these statements false and misleading. As a result of these false and misleading statements, the market price of Mylan common stock was artificially inflated during the Class Period.

INDUSTRY CLASSIFICATION:
SIC Code: 2834
Sector: Healthcare
Industry: Biotechnology & Drugs

COMPANY/ISSUER NAME:	Mylan Laboratories, Inc.
COMPANY/ISSUER TICKER:	MYL
COMPANY WEBSITE:	http://www.mylan.com

FIRST IDENTIFIED COMPLAINT IN THE DATABASE

Ieradi, et al. v. Mylan Laboratories, Inc., et al.

COURT: W.D. Pennsylvania	DOCKET NUMBER: 99-CV-00010
JUDGE NAME: Hon. Robert J. Cindrich
DATE FILED: 01/05/1999	SOURCE: Business Wires
CLASS PERIOD START: 02/17/1998	CLASS PERIOD END: 12/05/1998
TYPE OF COMPLAINT: Unamended/Unconsolidated
PLAINTIFF FIRMS IN THIS OR SIMILAR CASE:
Kirby McInerney & Squire LLP 830 Third Avenue 10th Floor, New York Ave, NY, 10022 (voice) 212.317.2300, (fax) , _____________________________________________ TOTAL NUMBER OF PLAINTIFF FIRMS: 1

DOCUMENTS FOR THE FIRST IDENTIFIED COMPLAINT
U.S. District Court Civil Docket
Type: Docket		Date on the document: 09/25/2000

OTHER DOCUMENTS

Case Name and/or Number:
Type:		Date on the document:

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