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Diplomat Pharmacy, Inc.

Case Summary

Diplomat Pharmacy, Inc. Securities Litigation

Case Summary

Case Status:    ONGOING    
On or around 01/19/2018 (Ongoing date of last review)

Filing Date: November 10, 2016

According to the law firm press release, the Complaint alleges throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (1) the Company lacked adequate internal controls over its financial reporting; (2) as a result the Company could not adequately calculate DIR fees; (3) the Company’s hepatitis C segment was not performing as previously disclosed to investors; (4) and therefore, the Company had overstated its full-year 2016 guidance; and (5) that, as a result of the foregoing, Defendants’ statements about Diplomat’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.

The Court appointed Lead Plaintiffs and Counsel on Feburary 10, 2017. Lead Plaintiffs filed an amended complaint on April 11. Defendants filed a Motion to Dismiss the amended complaint on May 26. On January 19, 2018, the Court issued an Order denying Defendants' Motion to Dismiss.

Company & Securities Information

Defendant: Diplomat Pharmacy, Inc.

COMPANY INFORMATION:

Sector: Services
Industry: Retail (Drugs)
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: DPLO
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.

First Identified Complaint

David N. Zimmerman, et al. v. Diplomat Pharmacy, Inc., et al.

COURT: E.D. Michigan
DOCKET #: 16-CV-14005
JUDGE: Hon. Laurie J. Michelson
DATE FILED: 11/10/2016
CLASS PERIOD START: 10/09/2014
CLASS PERIOD END: 11/02/2016
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Glancy Prongay & Murray LLP
    1925 Century Park East, Suite 2100 , Glancy Prongay & Murray LLP, CA 90067
    (310) 201-9150 (310) 432-1495 ·
  2. The Miller Law Firm, P.C.
    950 West University Drive, Suite 300, The Miller Law Firm, P.C., MI 48307
    (248) 841-2200 ·
First Identified Complaint (FIC) Filings:
No Document Title Filing Date
1 Class Action Complaint for Violations of the Federal Securities Laws 11/10/2016
2 Joint Stipulation and Order Appointing Lead Plaintiffs and Approving their Selection of Counsel 02/10/2017

Reference Complaint

David N. Zimmerman, et al. v. Diplomat Pharmacy, Inc., et al.

COURT: E.D. Michigan
DOCKET #: 16-CV-14005
JUDGE: Hon. Laurie J. Michelson
DATE FILED: 04/11/2017
CLASS PERIOD START: 02/29/2016
CLASS PERIOD END: 11/03/2016
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Glancy Prongay & Murray LLP
    1925 Century Park East, Suite 2100 , Glancy Prongay & Murray LLP, CA 90067
    (310) 201-9150 (310) 432-1495 ·
  2. Robbins Geller Rudman & Dowd LLP (San Diego)
    655 West Broadway, Suite 1900, Robbins Geller Rudman & Dowd LLP (San Diego), CA 92101
    619.231.1058 619.231.7423 ·
  3. The Miller Law Firm, P.C.
    950 West University Drive, Suite 300, The Miller Law Firm, P.C., MI 48307
    (248) 841-2200 ·
  4. VanOverbeke Michaud & Timmony, P.C.
    79 Alfred Street, VanOverbeke Michaud & Timmony, P.C., MI 48201
    313.578.1200 313.578.1200 ·
Reference Complaint (REF) Filings:
No Document Title Filing Date
1 Amended Complaint for Violations of the Federal Securities Laws 04/11/2017
2 U.S. District Court Civil Docket 01/19/2018
3 Opinion and Order Denying Defendants' Motion to Dismiss 01/19/2018
 
 

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