In re Polymedica Corp. Shareholder Derivative Litigation

This is a stockholders’ derivative action brought by plaintiffs, asserted shareholders of PolyMedica Corporation (“PolyMedica”), for the benefit of nominal defendant PolyMedica. On October 17, 2001, this court entered an order consolidating five separate derivative suits. On December 5, 2001, pursuant to a request by the parties, the Chief Justice of the Superior Court ordered that this court be specially assigned to the matter. The plaintiffs filed a consolidated verified derivative complaint (“Complaint”) on December 17, 2001 alleging that defendants, officers and directors of PolyMedica,…