Case Page

 

Case Status:    DISMISSED    
On or around 08/10/2015 (Other)

Filing Date: October 19, 2011

According to a press release dated October 20, 2011, the Plaintiffs allege that the Defendants issued false and/or misleading statements concerning the Company's business and financial prospects. Specifically, the Complaint alleges that defendants misrepresented that the Food and Drug Administration (FDA) had granted the Company the exclusive distribution rights over a drug used to prevent miscarriages, and that the FDA would enforce those rights by preventing the Company’s competitors from distributing generic formulations of the drug. The Complaint further alleges that defendants failed to disclosed that the drug's $1,500 price actually would reduce the availability of low-income and other at-risk groups

On March 8, 2012, the Court issued an order consolidating cases 4:11CV01816 AGF, 4:11CV01888 CEJ, and 4:11CV01905 RWS.

On May 3, 2012, the Court issued an order appointing Lead Plaintiff and approving the selection of Lead Counsel.

On July 24, 2012, the Plaintiffs filed their amended and consolidated complaint.

On August 15, 2012, the Court issued an Order staying this case during the pendency of defendant's bankruptcy proceedings. On February 12, 2013, the Court entered an Order lifting this stay as it applies to the non-bankrupt individual Defendants.

On March 27, 2014, the Court issued an Order granting Defendants' motion to dismiss. Plaintiffs were given leave to file an amended complaint. Plaintiffs filed a Motion for Reconsideration of this Order on April 16. This Motion was subsequently denied by the Court on June 6, and judgment was entered in favor of the Defendants. The Plaintiffs appealed the Dismissal to the Court of Appeals.

COMPANY INFORMATION:

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

SECURITIES INFORMATION:

Ticker Symbol: KV
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: E.D. Missouri
DOCKET #: 11-CV-01816
JUDGE: Hon.Audrey G. Fleissig
DATE FILED: 10/19/2011
CLASS PERIOD START: 02/14/2011
CLASS PERIOD END: 04/04/2011
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Scott & Scott LLC (Connecticut)
    P.O. Box 192, 108 Norwich Avenue, Scott & Scott LLC (Connecticut), CT 06415
    860.537.5537 860.537.4432 · scottlaw@scott-scott.com
  2. Scott & Scott LLP (San Diego)
    600 B Street, Suite 1500, Scott & Scott LLP (San Diego), CA 92101
    619.233.4565 619.233.4565 · scottlaw@scott-scott.com
  3. Walters, Bender, Strohbehn & Vaughan PC
    2500 City Center Square, 1100 Main Street, P.O. Box 26188, Walters, Bender, Strohbehn & Vaughan PC, MI 64196
    816.421.6620 816.421.4747 ·
  4. Zeldes Haeggquist & Eck, LLP
    625 Broadway, Suite 1000, Zeldes Haeggquist & Eck, LLP, CA 92101
    619.378.0442 619.342.7878 ·
No Document Title Filing Date
COURT: E.D. Missouri
DOCKET #: 11-CV-01816
JUDGE: Hon.Audrey G. Fleissig
DATE FILED: 07/24/2012
CLASS PERIOD START: 02/14/2011
CLASS PERIOD END: 04/04/2011
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Brower Piven (New York)
    488 Madison Avenue. Eighth Floor, Brower Piven (New York), NY 10022
    212.501.9000 212.501.0300 · info@browerpiven.com
  2. Holland, Groves, Schneller & Stolze, LLC
    300 North Tucker, Suite 801, Holland, Groves, Schneller & Stolze, LLC, MO 63101
    314.241.8111 314.241.8111 ·
  3. Kahn Swick & Foti, LLC Former New York)
    500 Fifth Avenue, Ste. 1810, Kahn Swick & Foti, LLC Former New York), NY 10110
    212.696.3730 504.455-1498 ·
No Document Title Filing Date