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U.S. S.E.C. v. ICN PHARMACEUTICALS, INC.

No. SACV99-1016DOC(ANX).

84 F.Supp.2d 1097 (2000)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. ICN PHARMACEUTICALS, INC., Milan Panic, David Watt and Nils Johannesson, Defendants.

United States District Court, C.D. California.

February 10, 2000.

Attorney(s) appearing for the Case

Arnold I Burns, New York City, Jennifer M Crome, Lois D. Thompson, Proskauer Rose, Los Angeles, CA, John R Cuti, Richard D Emery, Emery Cuti Brinckerhoff & Abady, New York City, Gregory H Hoffman, Gregg M. Mashberg, Proskauer Rose, Goetz & Mendeksohn, New York City, Vincent J. Marella, Robert J. McGahan, Bird Marella Boxer & Wolpert, Los Angeles, CA, Elizabeth A. Newman, Office of Fed. Public Defender, Clifford R. Saffron, New York City, Randall J. Sunshine, Liner Yankelevitz Sunshine Weinhart Riley & Regenstreif, for defendants.

James A Howell, Karen Lynn Matteson, SEC — Securities & Exchange Commission, San Francisco, CA, Gary E Jackson, Kingdon Kase, Luci McClure, SEC — Securities & Exchange Commission, Philadelphia, PA, for plaintiff.

ORDER

CARTER, District Judge.

DENYING DEFENDANT WATT'S MOTION TO DISMISS PLAINTIFF'S AMENDED COMPLAINT

For the reasons set forth below, the Court hereby DENIES Defendant Watt's Motion to Dismiss.

On December 7, 1999, by Minute Order, the Court granted Defendant Watt's Motion to Dismiss because Plaintiff had failed to state a claim for relief for securities fraud. Watt, the General Counsel and Executive Vice President of ICN, now...

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