Legal Opinion
In Re Abbott Laboratories Derivative Shareholder Litigation
District Court, N.D. Illinois
Decided March 27, 2001No. 99 C 7246PublishedCited by 3 opinions
1Opinion of the Court
MEMORANDUM OPINION AND ORDER
MORAN, Senior District Judge.
This is one of several lawsuits stemming from a November 2, 1999, consent decree between Abbott Laboratories (Abbott) and the Food and Drug Administration (FDA). Plaintiffs are Abbott shareholders and they have filed this derivative suit against its directors, asserting that the defendant directors are liable under Illinois law for the harms resulting from the consent decree. We dismissed plaintiffs’ previous complaint without prejudice for failure to plead demand futility with particularity. See In re: Abbott Lab. Derivative…
2Cases cited9 opinions
- Aronson v. LewisSupreme Court of Delaware · 1984
- Rales v. Blasband Ex Rel. Easco Hand Tools, Inc.Supreme Court of Delaware · 1993
- In Re Caremark International Inc. Derivative LitigationCourt of Chancery of Delaware · 1996
- Emerald Partners v. BerlinSupreme Court of Delaware · 1999
- In the Matter of Ulyssus George Wade, Joyce Wade, and U.G. Wade Trucking, Inc., Debtors-AppellantsCourt of Appeals for the Seventh Circuit · 1992
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3Cited by3 opinions
- In Re Abbott Laboratories Derivative Shareholders LitigationCourt of Appeals for the Seventh Circuit · 2003
- In re Saic Inc. Derivative LitigationDistrict Court, S.D. New York · 2013
- Farrell, Leo J. v. Abbott LaboratoriesCourt of Appeals for the Seventh Circuit · 2003