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Case Status:    SETTLED
On or around 10/05/2001 (Date of order of final judgment)

Filing Date: September 30, 1999

According to the Form 10-K for the fiscal year ended December 31, 2001, immediately prior to the dismissal hearing scheduled on February 6, 2001, the parties agreed to settle the lawsuit. On October 5, 2001, the district court judge approved the settlement.The settlement amount was covered by insurance. The original actions had been consolidated, and the plaintiffs filed an amended complaint. Accordingly, the defendants filed a motion to dismiss the amended complaint.

According to the settlement notice posted on the website dated June 15, 2001, the settlement was for $3,750,000 in cash.

According to a Press Release dated 10/13/99, the complaint charges Quintiles and certain of its officers and directors with violations of the federal securities laws by making misrepresentations about trends in Quintiles' business, and the termination of a series of significant clinical trials. By issuing these allegedly false and misleading statements, defendants artificially inflated the price of Quintiles stock during the Class Period.

COMPANY INFORMATION:

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

SECURITIES INFORMATION:

Ticker Symbol: QTRN
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: M.D. North Carolina
DOCKET #: 99-CV-854
JUDGE: Hon. William L. Osteen
DATE FILED: 09/30/1999
CLASS PERIOD START: 07/16/1999
CLASS PERIOD END: 09/15/1999
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. 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: M.D. North Carolina
DOCKET #: 99-CV-854
JUDGE: Hon. William L. Osteen
DATE FILED: 07/10/2000
CLASS PERIOD START: 04/21/1999
CLASS PERIOD END: 09/15/1999
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Barrack, Rodos & Bacine (Main office, Philadelphia)
    Two Commerce Square, 2001 Market Street, Suite 3300 , Barrack, Rodos & Bacine (Main office, Philadelphia), PA 19103
    215.963.0600 215.963.0838 · info@barrack.com
  2. 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 ·
  3. Patterson, Harkavy & Lawrence
    PO Box 27927 , Patterson, Harkavy & Lawrence, NC 27611
    919.755.1812 919.755.0124. ·
  4. Rabin & Peckel LLP
    275 Madison Avenue, 34th Floor, Rabin & Peckel LLP, NY 10016
    212.682.1818 212.682.1892 · email@rabinlaw.com
  5. Seeger Weiss LLP (New York Old Address)
    40 Wall Street. The Trump Building, Seeger Weiss LLP (New York Old Address), NY 10005
    212.584.0700 · info@seegerweiss.com
No Document Title Filing Date