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MORSE v. ABBOTT LABORATORIES

No. 90 C 1982.

756 F.Supp. 1108 (1991)

Sidney MORSE, Plaintiff, v. ABBOTT LABORATORIES, Robert A. Schoellhorn, Duane L. Burnham, Thomas R. Hodgson, Theodore A. Olson, Jack W. Schuler, and Charles J. Aschauer, Jr., Defendants.

United States District Court, N.D. Illinois, E.D.

February 14, 1991.

Attorney(s) appearing for the Case

Jules Brody, Stull, Stull & Brody, New York City, Robert D. Allison, Chicago, Ill., Stuart Wechsler, Andrew Davidovits, Wechsler, Skirnick, Harwood Halebian, New York City, for plaintiff.

H. Roderic Heard, John E. Frey, Brian W. Lewis, Martin B. Carroll, Wildman, Harrold, Allen & Dixon, Chicago, Ill., for Abbott Laboratories, Duane L. Burnham, Thomas R. Hodgson, Theodore A. Olson, Arthur E. Rassmussen, Jack W. Schuler, James F. Bere, Laurance H. Fuller, William D. Smithburg, Charles J. Aschauer, Jr., Joseph V. Charyk and William L. Weiss.

John H. Mathias, Jr., Terri L. Mascherin, Jenner & Block, Chicago, Ill., for Robert A. Schoellhorn.

MEMORANDUM OPINION AND ORDER

HOLDERMAN, District Judge:

Plaintiff Sidney Morse brought this class action pursuant to Section 10(b) of the Securities Exchange Act of 1934 (the "1934 Act"), Rule 10b-5 promulgated thereunder, and the common law claims of fraud and negligent misrepresentation alleging that Abbott Laboratories, an Illinois corporation, and six directors and/or officers of Abbott ("defendants") failed to disclose material adverse information concerning...

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