IMPORTANT CASE UPDATE: On August 6, 2019, the Court denied Defendants’ motion to dismiss, and discovery in the case commenced. Plaintiffs’ motion for class certification was filed March 20, 2020, and was fully briefed on January 14, 2020. Fact discovery closed on March 31, 2021, with expert discovery scheduled to close on October 29, 2021.

On July 9, 2021, a Stipulation and Agreement of Settlement was filed. The Court issued an Order Preliminarily Approving Settlement and Authorizing the Dissemination of Notice of Settlement. On October 13, 2021, Lead Counsel filed a Motion for an Award of Attorneys’ Fees and Litigation Expenses. On November 10, 2021, Lead Counsel filed a Reply Memorandum of Law in Further Support of Lead Plaintiffs’ Motion for Final Approval of Settlement and Plan of Allocation and Lead Counsel’s Motion for an Award of Attorneys’ Fees and Litigation Expenses. On November 21, 2021, the Court issued the Judgement Approving the Class Action Settlement and an Order Approving Plan of Allocation of Net Settlement Fund.

Claims administration commenced in the fall of 2021 and was completed in the summer of 2023. On August 28, 2023, Lead Counsel filed its Distribution Motion and is awaiting the Court’s ruling.

The information contained on this web page is only a summary of the information presented in more detail in the Notice of (I) Pendency of Class Action and Proposed Settlement; (II) Settlement Hearing; and (III) Motion for an Award of Attorneys’ Fees and Litigation Expenses (the “Notice”), which you can access by clicking here.  Since this web page is just a summary, you should review the Notice for additional details.

The Parties have reached a settlement of this action for $130,000,000 in cash (the “Settlement”) for the benefit of the Settlement Class (defined below). On November 17, 2021, the Court held a hearing on final approval of the Settlement and related matters and announced that it would approve the Settlement. On November 22, 2021, the Court entered a Judgment finally approving the Settlement and orders approving the proposed Plan of Allocation for the proceeds of the Settlement and awarding attorney's fees and litigation expenses to Plaintiffs’ Counsel.

Claims administration commenced in the fall of 2021 and was completed in the summer of 2023. On August 28, 2023, Lead Counsel filed its Distribution Motion and is awaiting the Court’s ruling. On December 27, 2023, the Court approved the Distribution Motion. The Initial Distribution will occur by mid-February 2024.

If you have questions, you may call the Allergen Securities Litigation Help Line at  1-877-777-9328 or email info@AllerganDrugPricingSecuritiesLitigation.com.