ALY v. VALEANT PHARMACEUTICALS INTERN. INC.

No. 19-3326.

1 F.4th 168 (2021)

Bahaa ALY; Tina Davis; Phillip Garland; Erinch Ozada, Appellants, v. VALEANT PHARMACEUTICALS INTERNATIONAL INC, n/k/a Bausch Health Companies Inc.; J. Michael Pearson; Robert L. Rosiello; Deborah Jorn; Ari S. Kellen; Tanya Carro; Howard B. Schiller.

United States Court of Appeals, Third Circuit.

Opinion Filed: June 16, 2021.


Attorney(s) appearing for the Case

Hung G. Ta [ARGUED], JooYun Kim , Hung G. Ta, Esq. PLLC, 250 Park Avenue, 7th Floor, New York, NY 10177, Peter Safirstein , Elizabeth Metcalf , Safirstein Metcalf LLP, 14 Penn Plaza, 9th Floor, New York, NY 10122, Counsel for Appellants.

Paul C. Curnin , Craig S. Waldman [ARGUED], Simpson Thacher & Bartlett LLP, 425 Lexington Ave., New York, NY 10017-3954, Richard Hernandez , McCarter & English, LLP, Four Gateway Center, 100 Mulberry Street, Newark, NJ 07102, Benjamin Sokoly , Winston & Strawn LLP, 200 Park Avenue, New York, NY 10166-4193, Joseph L. Motto , Winston & Strawn, LLP, 35 W. Wacker Drive, Chicago, IL 60601, Matthew Petrozziello , Elliot Greenfield , Debevoise & Plimpton LLP, 919 Third Avenue, New York, NY 10022, Barry A. Bohrer , Schulte Roth & Zabel LLP, 919 Third Avenue, New York, NY 10022, Counsel for Appellees.

Michael J. Hampson [ARGUED], Mark B. Kramer , Lawrence M. Rolnick , Rolnick Kramer Sadighi, 1251 Avenue of the Americas, 18th Floor, New York, NY 10020, Shelia A. Sadighi , Rolnick Kramer Sadighi, 300 Executive Drive, Suite 275, West Orange, NJ 07052, Counsel of Amicus Appellant.

Before: GREENAWAY, JR., COWEN, and FUENTES, Circuit Judges.


OPINION

This is an appeal from the District Court's order dismissing the complaint filed by individual shareholders of Valeant Pharmaceuticals Inc. ("Valeant" or the "Company") as untimely. A class action (the "Class Action") was filed against Valeant on behalf of investors who purchased its stock between February...

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