Case Page

 

Case Status:    SETTLED
On or around 06/20/2000 (Date of order of final judgment)

Filing Date: January 09, 1998

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.

COMPANY INFORMATION:

Sector: Healthcare
Industry: Biotechnology & Drugs
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: IDXX
Company Market: NASDAQ
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: D. Maine
DOCKET #: 98-CV-00005
JUDGE: Hon. D. Brock Hornby
DATE FILED: 01/09/1998
CLASS PERIOD START: 07/19/1996
CLASS PERIOD END: 03/24/1997
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Gene Mesh & Associates
    2605 Burnet Avenue, Gene Mesh & Associates, OH 45219
    513.221.8800 513.221.1090 ·
  2. Harvey & Frank
    P.O. Box 126, Harvey & Frank, ME 04112-0126
    207.775.1300 207.775.5630 ·
  3. Milberg Weiss Bershad Hynes & Lerach LLP (San Diego, CA)
    600 West Broadway, 1800 One America Plaza, Milberg Weiss Bershad Hynes & Lerach LLP (San Diego, CA), CA 92101
    800.449.4900 · support@milberg.com
No Document Title Filing Date
COURT: D. Maine
DOCKET #: 98-CV-00005
JUDGE: Hon. D. Brock Hornby
DATE FILED: 05/26/1998
CLASS PERIOD START: 07/19/1996
CLASS PERIOD END: 03/24/1997
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Milberg Weiss Bershad Hynes & Lerach LLP (New York, NY)
    One Pennsylvania Plaza, Milberg Weiss Bershad Hynes & Lerach LLP (New York, NY), NY 10119-1065
    212.594.5300 ·
No Document Title Filing Date