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Securities

Apr. 16, 2011

Suit Against Allergan Shot Down

It's back to the drawing board for a shareholder derivative lawsuit filed against Allergan Inc. after Judge David O. Carter in U.S. District Court for the Central District of California dismissed the complaint with leave to amend.


By Mandy Jackson


Daily Journal Staff Writer


It's back to the drawing board for a shareholder derivative lawsuit filed against Allergan Inc. after U.S. District Judge David O. Carter in Santa Ana dismissed the complaint with leave to amend on Tuesday.


The unpublished decision pertains to a Sept. 9 lawsuit filed on behalf of Allergan's shareholders in relation to the Irvine-based company's $600 million settlement on Sept. 1 with the ...

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