Appeals Court Affirms Dismissal of Class Action Lawsuit.MIAMI--(BUSINESS WIRE)--July 30, 1999-- IVAX Corporation IVAX Corporation was a United States public corporation focused on manufacturing and distributing generic pharmaceutical products. Ivax was acquired by the Israeli company Teva Pharmaceutical Industries in January 2006. External links
See: American Stock Exchange :IVX) today announced that on July 27, 1999 the United States District Court United States District Court In the U.S., any of the 94 trial courts of general jurisdiction in the federal judicial system. Each state, as well as the District of Columbia and the Commonwealth of Puerto Rico, has at least one federal district court. of Appeals for the Eleventh Circuit affirmed the dismissal of a securities class action lawsuit class action lawsuit A lawsuit in which one party or a limited number of parties sue on behalf of a larger group to which the parties belong. For example, investors may bring a class action lawsuit against a brokerage firm that has actively promoted a tax styled Alan Harris, et al. vs. IVAX Corporation, Dr. Phillip Frost, and Michael W. Fipps (Case No. 97-559). The complaint had been dismissed with prejudice by the United States District Court for the Southern District of Florida The United States District Court for the Southern District of Florida (S.D.Fl.) is the federal district court covering the southern part of the state of Florida. The court's jurisdiction comprises the following counties: Broward, Dade, Highlands, Indian River, Martin, Monroe, on March 30, 1998 and was appealed on May 19, 1998. "We are pleased that this claim was dismissed at an early stage of the proceedings, which not only eliminated any risk of liability but also reduced the cost of defending the action," commented Carol J. Gillespie, Senior Vice President, General Counsel, and Secretary of IVAX Corporation. IVAX Corporation, headquartered in Miami, Florida, is a holding company with subsidiaries engaged in the research, development, manufacture, and marketing of branded and generic pharmaceuticals in the U.S. and international markets. |
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