According to the Company’s FORM 10-K For The Fiscal Year Ended December 31, 1999, on January 19, 2000, the court dismissed the four cases with prejudice.
As previously disclosed by the Company’s FORM 10-Q For the quarterly period ended September 30, 1999, four other lawsuits all purport to be class action lawsuits filed on behalf of a class of holders of ALZA Corporation ("ALZA") stock as of August 16, 1999. On October 7, 1999, Gayle Stahl sued Abbott, Miles White, ALZA, and ALZA's Chief Executive Officer, Ernest Mario. On October 13, 1999, Galina Mikhailova sued Abbott, Miles White, ALZA, Ernest Mario, Gary Coughlan (who is Abbott's Chief Financial Officer), Gary Flynn (who is Abbott's Controller), and Abbott's board of directors. Abbott, Miles White, ALZA, and Ernest Mario also were sued by Ted Dellas on October 15, 1999, and Sylvia Piven on October 25, 1999. Each of these cases alleges the defendants violated Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 by soliciting the approval of ALZA's shareholders for a merger of ALZA with Abbott by means of a proxy statement/prospectus, which the plaintiffs allege contained materially false and misleading statements or omissions concerning the alleged regulatory non-compliance described in the preceding paragraph. Each of these four cases requests, in addition to unspecified damages and other relief, a preliminary and permanent injunction stopping the pending merger of ALZA with Abbott and requiring that the ALZA shareholders be given another opportunity to vote on the merger.