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Case Status:    SETTLED
On or around 12/20/2011 (Stipulation and order of dismissal (voluntary dismissal))

Filing Date: July 31, 2009

According to a press release dated July 31, 2009, the complaint alleges that defendants violated Section 14(e) of the 1934 Act, inter alia, by issuing a false and misleading Offer to Purchase and Schedule 14D-9 which fail to apprise Medarex shareholders of the true bases of Medarex's financial valuation. The complaint also alleges that defendants breached their fiduciary duties, or aided and abetted the breach of fiduciary duties, by recommending an unfairly low tender offer to Medarex shareholders. The complaint names as defendants the directors of Medarex, Bristol-Myers, and Puma Acquisition Company, Bristol-Myers' wholly-owned subsidiary. The complaint seeks injunctive and monetary relief.

On March 7, 2011, the Federal Action was stayed until the termination of all appellate proceedings in the State Court Action.

According to the Stipulation and Order of Dismissal with Prejudice signed by Judge Freda L. Wolfson on December 19, 2011, three related federal class actions were dismissed with prejudice in relation to a settlement of a similar action in state court.


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


Ticker Symbol: MEDX
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. New Jersey
DOCKET #: 09-CV-03824
JUDGE: Hon. Freda L. Wolfson
DATE FILED: 07/31/2009
CLASS PERIOD END: 07/31/2009
  1. Alfred G. Yates, Jr.
  2. Harwood Feffer LLP
  3. Trujillo, Rodriguez & Richards, LLC
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—Reference Complaint Complaint Related Data is not available
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