In Re Bio-Technology General Corp. Securities Litigation
District Court, D. New Jersey
1Opinion of the Court
OPINION AND ORDER
ACKERMAN, Senior District Judge.
This matter comes before the Court on Defendants’ Motion to Dismiss the Consolidated Amended Class Action Complaint. For the following reasons, Defendants’ motion is GRANTED, and the Consolidated Amended Class Action Complaint is DISMISSED WITHOUT PREJUDICE.
I. BACKGROUND
This case is a purported securities class action brought by investors who purchased shares of Bio-Technology General Corporation (“BTG”) between April 19, 1999 and August 2, 2002 (the “Class Period”). BTG, now known as Savient Pharmaceuticals, Inc., 1 is a New Jersey-based…
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