Company background

• News
• Company website  Acquired by Stiefel Labs in 2006

Venue transfer - litigation background

• Fishbury, Limited et al v. Connetics Corporation et al
• USDC ND California (San Francisco)  3:07-cv-02940-SI

• Hon. Susan Illston
• Filed 6.06.07

Litigation background

• In re Connetics Securities Litigation
• USDC SD New York  06-11496

• Judge Shirley Wohl Kram
• Filed 10.31.06

Lead plaintiffs

• Teachers' Retirement System of Oklahoma

Complaint

• Amended consolidated complaint  6.28.07
• Second amended consolidated complaint  3.14.08

Errors in the accounting for accruals for estimated rebates and chargebacks for its products. In connection with its review and evaluation of its product-related accruals, Connetics also reviewed its methodology for estimating future product returns. As a result of this evaluation, Connetics determined that its product returns accrual was understated for prior years.

• Press release  7.25.06
• EDGAR filings

Motion to transfer

• Motion  3.05.07
• Brief  3.05.07
• Opposition brief  3.30.07
• Reply brief  4.13.07

Opinion

• Order  5.23.07

Company motion

• Motion and brief  8.13.07
• Opposition brief  9.17.07
• Plaintiff supplemental authority  10.01.07

• See Gargiulo v Isolagen  ED PA

• Reply  10.04.07

• Defendant supplemental authority  10.17.07

• See Cyberonics  SD Texas

• Plaintiff supplemental authority  11.08.07

• Exhibit
• see Openwave Systems  SD New York
• see Scottish Re Group  SD New York

Individual defendants

• Motion and brief  8.13.07
• Motion and brief  8.13.07
• Opposition brief  9.17.07
• Reply  10.04.07

Opinion

• Order  1.29.08

• Order granting defendants motion to dismiss and defendants motion to strike

Motion to strike

• Motion with brief  5.02.08
• Opposition brief  6.20.08

Motion to dismiss

• Motion with brief  5.02.08
• Opposition brief  6.20.08

Lead plaintiff

• Bernstein Litowitz

Company defense

• Cadwalader Wickersham
• Fenwick & West

Rule 10b Private Actions