Idexx Laboratories, Inc. - Securities Class Action

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_______________
Copyright (c) 2001
Stanford Law School

Idexx Laboratories, Inc. Conclusion: According to the firm's 10-Q filing dated 8/14/2000, in January 1998, a complaint was filed in the U.S. District Court for the District of Maine captioned Robert A. Rose, et.al. v. David E. Shaw, et al. The plaintiffs purported to represent a class of purchasers of the common stock of the Company from July 19, 1996 through March 24, 1997. The complaint claimed that the defendants violated Section 10(b) of the Securities Exchange Act of 1934 and Securities and Exchange Commission Rule 10b-5 promulgated pursuant thereto, by virtue of false or misleading statements made during the class period. The complaint also claimed that the individual defendants were liable as "control persons" under Section 20(a) of that Act. In addition, the complaint claimed that the individual defendants sold some of their own common stock of the Company, during the class period, at times when the market price for the stock allegedly was inflated. In July 1999, the U.S. District Court granted the Company's motion to dismiss the case for failure to state a claim. However in August 1999, the plaintiffs appealed that ruling to the U.S. Court of Appeals for the First Circuit. In February 2000, the Company entered into a Memorandum of Understanding (the "MOU") with the plaintiffs pursuant to which the parties agreed to settle the suit. Pursuant to the MOU, the Company and the plaintiffs filed a Stipulation of Settlement (the "Stipulation") with the U.S. District Court. The Stipulation was approved by the District Court on June 20, 2000 and the complaint was dismissed with prejudice. The settlement (in excess of the portion reimbursed through insurance) will not affect results of operations in 2000.

INDUSTRY CLASSIFICATION:
SIC Code: 2835
Sector: Healthcare
Industry: Biotechnology & Drugs

COMPANY/ISSUER NAME:	Idexx Laboratories, Inc.
COMPANY/ISSUER TICKER:	IDXX
COMPANY WEBSITE:	http://www.idexx.com

FIRST IDENTIFIED COMPLAINT IN THE DATABASE

Robert A. Rose, et al. v. David E. Shaw, et al.

COURT: D. Maine	DOCKET NUMBER: 98-CV-00005
JUDGE NAME: Hon. D. Brock Hornby
DATE FILED: 01/09/1998	SOURCE: Business Wires
CLASS PERIOD START: 07/19/1996	CLASS PERIOD END: 03/24/1997
TYPE OF COMPLAINT: Complaint (Unamended and Unconsolidated)
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Gene Mesh & Associates 2605 Burnet Avenue, Cincinnati, OH, 45219 (voice) 513.221.8800, (fax) 513.221.1090, Harvey & Frank P.O. Box 126, Portland, ME, 04112-0126 (voice) 207.775.1300, (fax) 207.775.5630, Milberg Weiss Bershad Hynes & Lerach LLP (San Diego, CA) 600 West Broadway, 1800 One America Plaza, San Diego, CA, 92101 (voice) 800.449.4900, (fax) , support@milberg.com _____________________________________________ TOTAL NUMBER OF PLAINTIFF FIRMS: 3

DOCUMENTS FOR THE FIRST IDENTIFIED COMPLAINT
Order On Plaintiffs’ Motion For Leave To File A Second Amended Complaint
Type: Order		Date on the document: 07/21/1999

REFERENCE COMPLAINT

Robert A. Rose, et al. v. David E. Shaw, et al.

COURT: D. Maine	DOCKET NUMBER: 98-CV-00005
JUDGE NAME: Hon. D. B. Hornby
DATE FILED: 05/26/1998	SOURCE: Business Wires
CLASS PERIOD START: 07/19/1996	CLASS PERIOD END: 03/24/1997
TYPE OF COMPLAINT: First Amended
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Milberg Weiss Bershad Hynes & Lerach LLP (New York, NY) One Pennsylvania Plaza, New York, NY, 10119-1065 (voice) 212.594.5300, (fax) , _____________________________________________ TOTAL NUMBER OF PLAINTIFF FIRMS: 1

DOCUMENTS FOR THE REFERENCE COMPLAINT
Notice Of Pendency Of Class Action, Proposed Settlement Thereof, Settlement Hearing And Right To Share In Settlement Fund
Type: Settlement		Date on the document: 04/18/2000
U.S. District Court Civil Docket
Type: Docket		Date on the document: 06/06/2001

OTHER DOCUMENTS

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

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