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IERADI v. MYLAN LABORATORIES, INC.

No. 00-3076.

230 F.3d 594 (2000)

Frank P. IERADI, individually and on behalf of all others similarly situated, Appellant, v. MYLAN LABORATORIES, INC.; Milan Puskar; Frank A. Degeorge; Roderick P. Jackson; Patricia A. Sunseri.

United States Court of Appeals, Third Circuit.

Filed August 25, 2000.

Attorney(s) appearing for the Case

Andrea Bierstein, (Argued), Kirby, McInerney & Squire, 830 Third Avenue 10th Floor New York, NY 10022, Stephen J. Jurman, 114 Portvue Drive Moon Township, PA 15108, Counsel for Appellant.

James B. Weidner, (Argued), Martin L. Seidel, Clifford, Chance, Rogers & Wells, 200 Park Avenue, New York, NY, 10166 Gordon W. Schmidt, Doepken, Keevican & Weiss, 600 Grant Street USX Tower, 58th Floor Pittsburgh, PA 15219, Counsel for Appellees.

Coram RENDELL, ROSENN, Circuit Judges, and O'NEILL, District Judge.

OPINION OF THE COURT

ROSENN, Circuit Judge.

In this time of rapidly escalating prices of branded and generic drugs, the primary question on this appeal pertains to the adverse impact of such prices not on the consumer public, but rather on potential stockholders of a leading drug manufacturer Plaintiff Frank P. Ieradi purchased common stock in defendant Mylan Laboratories, Inc. (Mylan), in the face of a price investigation...

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