OTHER NEWS - Dec. 7, 1993
From Times Staff and Wire Reports
Lawsuit Dropped Against Allergan: The company said a federal judge has dismissed a class-action lawsuit brought by shareholders who accused the Irvine-based company of being overly optimistic in its predictions of business success. U.S. District Judge Alicemarie H. Stotler issued a summary judgment to dismiss the suit, which had consolidated about 20 suits filed in Santa Ana and Philadelphia shortly after Allergan Inc. completed its first public offering in 1989. Allergan, which makes eye and skin care products, said the ruling validates its claims that the shareholder lawsuits were without merit.
