Case Page

 

Case Status:    DISMISSED    
On or around 07/07/2016 (Date of order of final judgment)

Filing Date: June 23, 2015

According to the law firm press release, the complaint alleges that QRx issued false and misleading public statements and omitted material facts concerning the commercial prospects for its experiment drug Moxduo. Specifically, the complaint alleges that QRx failed to disclose to investors that it received a no agreement letter from the Food and Drug Administration (FDA) regarding its Moxduo trials and further misrepresented and concealed other material facts concerning its attempts to get Moxduo approved. Upon the disclosure of an FDA memorandum which denied QRx's application to get Moxduo approved, the price of QRx ADRs plummeted over
83% on April 23, 2014.

On September 14, 2015, the Court appointed lead plaintiffs and approved lead counsel. Lead Plaintiffs filed an amended complaint on November 23. A second amended complaint was filed on January 4, 2016.

On July 6, 2016, the Court issued an Order dismissing this case with prejudice.

COMPANY INFORMATION:

Sector: Healthcare
Industry: Major Drugs
Headquarters: Australia

SECURITIES INFORMATION:

Ticker Symbol: QRXPY
Company Market: OTC-BB
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: S.D. New York
DOCKET #: 15-CV-04868
JUDGE: Hon. Paul A. Engelmayer
DATE FILED: 06/23/2015
CLASS PERIOD START: 01/24/2011
CLASS PERIOD END: 04/23/2014
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Scott + Scott LLP (NY)
    405 Lexington Avenue, 40th Floor, The Chrysler Building, Scott + Scott LLP (NY), NY 10174
    (212) 223-6444 (212) 223-6444 ·
  2. The Frankowski Firm LLC
    231 22nd St Suite #203, The Frankowski Firm LLC, AL 35233
    205-390-0399 205-390-1001 ·
No Document Title Filing Date
COURT: S.D. New York
DOCKET #: 15-CV-04868
JUDGE: Hon. Paul A. Engelmayer
DATE FILED: 01/04/2016
CLASS PERIOD START: 12/06/2010
CLASS PERIOD END: 04/23/2014
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. The Rosen Law Firm P.A. (New York)
    275 Madison Avenue, 34th Floor, The Rosen Law Firm P.A. (New York), NY 10016
    (212) 686-1060 (212) 202-3827 ·
No Document Title Filing Date