IN RE ABBOTT LABOR. DERIVATIVE SHAREHOLDER LITIG.

No. 99 C 7246.

126 F.Supp.2d 535 (2000)

In re ABBOTT LABORATORIES DERIVATIVE SHAREHOLDER LITIGATION. This Document Relates to all Actions.

United States District Court, N.D. Illinois, Eastern Division.

September 26, 2000.


Attorney(s) appearing for the Case

Robert M. Roseman, Spector, Roseman & Kodroff, P.C., Philadelphia, PA, Jonathon Nachsin, Jonathan Nachsin, P.C., Chicago, IL, Robert P. Frutkin, Savett, Frutkin, Podell & Ryan, P.C., Philadelphia, PA, for Plaintiff.

Phil C. Neal, David A. Eide, Neal, Gerber & Eisenberg, Thomas Michael Durkin, Javier H. Rubinstein, Michele Odorizzi, Jennifer Lynn Rakstad, Mayor, Brown & Platt, Chicago, IL, Jose Enrique Rivera, Abbott Laboratories, Abbott Park, IL, for Defendant.


MEMORANDUM OPINION AND ORDER

MORAN, Senior District Judge.

Abbott Laboratories (Abbott) entered into a consent decree with the Food and Drug Administration (FDA) on November 2, 1999. The decree required Abbott to pay a $100 million penalty, withdraw 125 types of medical diagnostic test kits from the United States market, destroy certain inventory, and make various corrective changes in its manufacturing procedures. That spawned a number of derivative...

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