Tuesday, May 03, 2005

PharmaLive: Court Dismisses Federal Class Action Suit Against VaxGen

PharmaLive: Court Dismisses Federal Class Action Suit Against VaxGen: "BRISBANE, Calif., May 03, 2005 /PRNewswire-FirstCall/ -- VaxGen, Inc. (Pink Sheets: VXGN.PK) announced today that the United States District Court for the Northern District of California has dismissed with prejudice a class action lawsuit filed against the company in March 2003.

VaxGen announced on April 11, 2005 that the Court had dismissed the case (No. C 03-01129 JSW), but had provided the plaintiffs an opportunity to amend their complaint. The deadline for amendment set by the Court was April 29, 2005. The court has now ruled that since an amended complaint was not filed by the deadline, the case and all the consolidated actions must be dismissed with prejudice." (Full story at link)

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