Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-5_04-cv-04802/USCOURTS-cand-5_04-cv-04802-7/pdf.json

Nature of Suit Code: 850
Nature of Suit: Securities, Commodities, Exchange
Cause of Action: 15:78m(a) Securities Exchange Act

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United States District Court

For the Northern District of California

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United States District Court

For the Northern District of California

 

IN THE UNITED STATES DISTRICT COURT

FOR THE NORTHERN DISTRICT OF CALIFORNIA

SAN JOSE DIVISION

In re Impax Laboratories, Inc. 

Securities Litigation

 /

No. C 04-04802 JW

ORDER REGARDING STRUCTURE OF

COMPLAINT GOVERNED BY PRIVATE

SECURITIES LITIGATION REFORM

ACT

On January 3, 2007, the Court Granted Defendants' Motion to Dismiss the In re Impax

Laboratories Securities Class Action Complaint for Violation of the Securities Exchange Act of

1934, and gave Plaintiffs leave to amend. To clarify the substantive allegations, on or before

February 5, 2007, Plaintiffs shall file and serve an amended complaint, which shall contain the

following headings and allegations with respect to the substantive allegations: [If the nature of the

complaint suggests additional or different headings, they shall nevertheless substantially conform to

the format set forth below]

//

Case 5:04-cv-04802-JW Document 111 Filed 01/03/07 Page 1 of 6
United States District Court

For the Northern District of California

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I. ALLEGED UNTRUE STATEMENTS OF A PAST OR THEN-CURRENT

MATERIAL FACT

1. First alleged untrue statement of a material fact. [Include a quotation of

the precise statement which the Plaintiff alleges was made. If multiple parts

of a statement are involved, treat each part as a separate statement.]

a. Date of the statement:

b. Recipient: [Describe the person or entity to whom the

statement was made and how the recipient recorded or

captured the statement.]

c. Identity of author: [State the basis for attributing statement

to the alleged author. If the identity of the author is unknown,

so state, and state all identifying information known to the

Plaintiff as of the time of the pleading.]

d. True Facts: [Set forth in detail the alleged true status of all

allegedly untrue matters contained in the statement and state

how the Plaintiff knows (or why the Plaintiff believes) that its

allegation of the true status was, in fact, the true status.]

e. Scienter: [Set forth the Plaintiff's allegations of what the

author knew or believed at the time the author made the untrue

statement.]

f. Factual basis for scienter: [Set forth the facts on which the

Plaintiff bases its allegation that the author knew or believed

the true facts at the time the author made the untrue

statement.]

g. Effect, if any, on the stock price or on the market: [If the Plaintiff alleges

that there was no individualized effect, it is permissible to allege effect on

Stock Price in Section H.]

h. Loss causation:

1. Date of loss:

2. Nature of loss: [e.g. Whether Plaintiff purchased stocks at the

inflated price or sold stocks at a price negatively impacted by the

alleged material misstatements or omissions and connection of loss to

conduct described above in Sections a-f .]

3. Extent of loss:

2. Second alleged untrue statement of a material fact.

a. Date of the statement:

b. Recipient:

c. Identity of author:

d. True Facts:

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e. Scienter:

f. Factual basis for scienter.

g. Effect, if any, on the stock price or on the market:

h. Loss causation:

1. Date of loss:

2. Nature of loss:

3. Extent of loss:

II. ALLEGED UNTRUE FORWARD-LOOKING STATEMENTS UNACCOMPANIED

BY MEANINGFUL CAUTIONARY LANGUAGE

1. First alleged untrue forward-looking statement of a material fact.

a. Date of the statement:

b. Recipient:

c. Identity of author:

d. True Facts:

e. Scienter:

f. Factual basis for scienter:

g. Effect, if any, on the stock price or on the market:

h. Loss causation:

1. Date of loss:

2. Nature of loss:

3. Extent of loss:

2. Second alleged untrue forward-looking statement of a material fact.

a. Date of the statement:

b. Recipient:

c. Identity of author:

d. True Facts:

e. Scienter:

f. Factual basis for scienter:

g. Effect, if any, on the stock price or on the market:

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h. Loss causation:

1. Date of loss:

2. Nature of loss:

3. Extent of loss:

III. ALLEGED OMISSIONS TO STATE A PAST OR THEN-CURRENT MATERIAL

FACT WHICH SHOULD HAVE BEEN MADE IN ORDER TO MAKE A

STATEMENT MADE NOT MISLEADING

1. First alleged misleading statement or omission of a material fact. [Include a quotation of the precise statement which the Plaintiff alleges was

made. If multiple parts of a statement are involved, treat each part as a

separate statement.]

a. Date of the statement or omission:

b. Recipient: [Describe the person or entity to whom the

statement or omission was made and how the recipient

recorded or captured the statement.]

c. Identity of person responsible for making the misleading or

omitted statement alleged: [State the basis for attributing

statement to the alleged author. If the identity of the author is

unknown, so state, and state all identifying information known

to the Plaintiff as of the time of the pleading.]

d. Omitted Facts: [Set forth in detail the alleged complete status

of all matters which were omitted from the misleading

statement and how those matters would have prevented the

statement from being misleading and state how the Plaintiff

knows (or why the Plaintiff believes) that its allegation of the

complete status was, in fact, the true status.]

e. Scienter: [Set forth the Plaintiff's allegations of what the

author knew or believed at the time the author omitted the

misleading statement.]

f. Factual basis for scienter: [Set forth the facts on which the

Plaintiff bases its allegation that the author knew or believed

the omitted facts at the time the author made the misleading

statement.] 

g. Effect, if any, on the stock price or on the market:

h. Loss causation:

1. Date of loss:

2. Nature of loss:

3. Extent of loss:

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United States District Court

For the Northern District of California

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2. Second alleged misleading statement or omission of a material fact.

a. Date of the statement:

b. Recipient:

c. Identity of person responsible for making the misleading or omitted

statement alleged:

d. Omitted Facts:

e. Scienter:

f. Factual basis for scienter:

g. Effect, if any, on the stock price or on the market:

h. Loss causation:

1. Date of loss:

2. Nature of loss:

3. Extent of loss:

Dated: January 3, 2007 

JAMES WARE

United States District Judge

Case 5:04-cv-04802-JW Document 111 Filed 01/03/07 Page 5 of 6
United States District Court

For the Northern District of California

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THIS IS TO CERTIFY THAT COPIES OF THIS ORDER HAVE BEEN MAILED TO:

Azra Z. Mehdi azram@lerachlaw.com

Dale E. Barnes dale.barnes@bingham.com

Elizabeth P. Lin elin@milbergweiss.com

Joseph Otto Click click@blankrome.com

Monique Winkler MoniqueW@lerachlaw.com

Patrick J. Coughlin patc@lerachlaw.com

Robert S. Green RSG@CLASSCOUNSEL.COM

Shana Eve Scarlett shanas@lerachlaw.com

Tricia Lynn McCormick triciam@lerachlaw.com

William S. Lerach e_file_sd@lerachlaw.com

Willow E. Radcliffe willowr@lerachlaw.com

Dated: January 3, 2007 Richard W. Wieking, Clerk

By: /s/ JW Chambers 

Elizabeth Garcia

Courtroom Deputy

Case 5:04-cv-04802-JW Document 111 Filed 01/03/07 Page 6 of 6