In Re Bristol Myers Squibb Co. Securities Litigation

OPINION & ORDER

PAUL A. CROTTY, District Judge.

Lead Plaintiff Ontario Teachers Pension Plan Board and Plaintiff Minneapolis Firefighters’ Relief Association (collectively, “Plaintiffs”) bring this class action securities fraud suit challenging the adequacy of Bristol Myers Squibb Co.’s (“Bristol-Myers” or “the Company”) public disclosures concerning its attempts to settle patent litigation with generic pharmaceutical drug company Apotex, Inc. (“Apotex”) over its patented and highly profitable blood-thinning medication, Plavix. The gravamen of Plaintiffs’ Amended Complaint is that Bristol-Myers…