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Aeterna Zentaris Inc.

Case Summary

Aeterna Zentaris Inc. Securities Litigation

Case Summary

Case Status:    ONGOING    
On or around 06/29/2018 (Ongoing date of last review)

Filing Date: November 11, 2014

According to the law firm press release, this case alleges that the defendants made materially false or misleading statements with respect to the safety and efficacy of the Company’s drug Macrilen™. A November 6, 2014, press release by the Company brought these facts to light by announcing that the FDA had issued a Complete Response Letter refusing to approve the Company’s New Drug Application because of “the lack of complete and verifiable source data for determining whether patients were accurately diagnosed with AGHD.

An amended Complaint was filed on April 10, 2015.

On September 16, 2015, the Court granted Defendant's Motion to Dismiss with leave to amend. Plaintiffs filed an amended Complaint on October 14. On November 11, Defendants filed a Motion to Dismiss. On March 2, 2016, the Court issued an Order, granting in part and denying in part, Defendants' Motion to Dismiss. Several Individual Defendants were dismissed from the case.

On May 8, 2017, Lead Plaintiffs filed a Motion for Class Certification. On February 28, 2018, the Court issued an Order granting Lead Plaintiffs' Motion. Defendant filed a Notice appealing the class certification Order on June 20, 2018.

Company & Securities Information

Defendant: Aeterna Zentaris Inc.

COMPANY INFORMATION:

Sector: Healthcare
Industry: Biotechnology & Drugs
Headquarters: Canada

SECURITIES INFORMATION:

Ticker Symbol: AEZS
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.

First Identified Complaint

Bing Li, et al. v. Aeterna Zentaris Inc., et al.

COURT: D. New Jersey
DOCKET #: 14-CV-07081
JUDGE: Hon. Peter G. Sheridan
DATE FILED: 11/11/2014
CLASS PERIOD START: 10/18/2012
CLASS PERIOD END: 11/06/2014
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. The Rosen Law Firm (New Jersey)
    236 Tillou Road, The Rosen Law Firm (New Jersey), NJ 07079
    (973) 313-1887 (973) 833-0399 · lrosen@rosenlegal.com
First Identified Complaint (FIC) Filings:
No Document Title Filing Date
1 Class Action Complaint for Violations of the Federal Securities Laws 11/11/2014
2 Order 03/03/2015

Reference Complaint

Bing Li, et al. v. Aeterna Zentaris Inc., et al.

COURT: D. New Jersey
DOCKET #: 14-CV-07081
JUDGE: Hon. Peter G. Sheridan
DATE FILED: 10/14/2015
CLASS PERIOD START: 08/30/2011
CLASS PERIOD END: 11/06/2014
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Carella, Byrne, Cecchi, Olstein, Brody & Agnello, P.C.
    5 Becker Farm Road , Carella, Byrne, Cecchi, Olstein, Brody & Agnello, P.C., NJ 07068
    (973) 994-1700 (973) 994-1744 ·
  2. Glancy Prongay & Murray LLP
    1925 Century Park East, Suite 2100 , Glancy Prongay & Murray LLP, CA 90067
    (310) 201-9150 (310) 432-1495 ·
  3. The Rosen Law Firm (New Jersey)
    236 Tillou Road, The Rosen Law Firm (New Jersey), NJ 07079
    (973) 313-1887 (973) 833-0399 · lrosen@rosenlegal.com
Reference Complaint (REF) Filings:
No Document Title Filing Date
1 Amended Class Action Complaint for Violations of the Federal Securities Laws 04/10/2015
2 Order 09/16/2015
3 Second Amended Class Action Complaint for Violations of the Federal Securities Laws 10/14/2015
4 Memorandum and Order 03/02/2016
5 Memorandum And Order 02/28/2018
6 Order 06/20/2018
7 U.S. District Court Civil Docket 06/29/2018

Related District Court Filings

No Document Title Filing Date
1 Class Action Complaint 11/14/2014
 
 

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