Case Page

 

Case Status:    DISMISSED    
On or around 01/20/2000 (Date of order of final judgment)

Filing Date: October 07, 1999

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.

COMPANY INFORMATION:

Sector: Healthcare
Industry: Major Drugs
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: AZA
Company Market: New York SE
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: N.D. Illinois
DOCKET #: 99-CV-06584
JUDGE: Hon. Rebecca R. Pallmeyer
DATE FILED: 10/07/1999
CLASS PERIOD START: 08/16/1999
CLASS PERIOD END: 10/07/1999
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Miller Faucher and Cafferty LLP
    30 North LaSalle Street, Miller Faucher and Cafferty LLP, IL 60602
    312.782.4880 ·
  2. Wolf Haldenstein Adler Freeman & Herz LLP (New York)
    270 Madison Avenue, Wolf Haldenstein Adler Freeman & Herz LLP (New York), NY 10016
    212.545.4600 212.686.0114 · newyork@whafh.com
  3. Wolf, Popper, Ross, Wolf & Jones
    845 Third Avenue, Wolf, Popper, Ross, Wolf & Jones, NY 10022-6689
    212-759-4600 ·
No Document Title Filing Date
No Document Title Filing Date