Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

ACADIA PHARMACEUTICALS INC (ACAD) Class Action Lawsuit (July 2018)

Closed

3:18cv1647 • July 19, 2018

Class Period Start

April 29, 2016

Class Period End

July 9, 2018

PSLRA Deadline

September 17, 2018

Case Allegations

10b5

Statutes of Repose

Apr 29, 2019

Country

United States

Court

Federal Court

Docket History

Feb 4, 2022

No Appeal- Closed

Jan 3, 2022

Motion to Dismiss Granted

The court has granted the defendants' request to dismiss the lawsuit. Depending on the court's decision, the plaintiffs may be allowed to file an updated complaint or pursue an appeal.

May 31, 2021

Motion to Dismiss

After reviewing the complaint(s) filed by plaintiffs, defendants have filed a motion requesting that the court dismiss some or all of the plaintiffs' claims. In a motion to dismiss, defendants might challenge the validity of plaintiffs' claims or adequacy of plaintiffs' pleadings. Once a motion to dismiss is filed, the judge will make a decision on whether part or all of the case should be dismissed or the case can proceed as alleged.

Apr 20, 2021

Scheduling Order

Apr 16, 2021

Third Amended Complaint

A new complaint has been filed on behalf of certain investors in ACADIA PHARMACEUTICALS INC. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.

Mar 29, 2021

Motion to Dismiss Granted

The court has granted the defendants' request to dismiss the lawsuit. Depending on the court's decision, the plaintiffs may be allowed to file an updated complaint or pursue an appeal.

Dec 30, 2020

Scheduling Order

Aug 28, 2020

Motion to Dismiss

After reviewing the complaint(s) filed by plaintiffs, defendants have filed a motion requesting that the court dismiss some or all of the plaintiffs' claims. In a motion to dismiss, defendants might challenge the validity of plaintiffs' claims or adequacy of plaintiffs' pleadings. Once a motion to dismiss is filed, the judge will make a decision on whether part or all of the case should be dismissed or the case can proceed as alleged.

Jul 27, 2020

Scheduling Order

Jul 20, 2020

Scheduling Order

Jul 16, 2020

Second Amended Complaint

A new complaint has been filed on behalf of certain investors in ACADIA PHARMACEUTICALS INC. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.

Jul 9, 2020

Scheduling Order

Jun 30, 2020

Scheduling Order

Jun 1, 2020

Motion to Dismiss Denied in Part

The court has determined that plaintiffs have adequately alleged some of their claims, but have failed to adequately allege other claims. The judge has therefore denied in part the motion to dismiss filed by defendants and written an order stating which claims are dismissed and which remain. The case will proceed and parties will litigate the remaining claims.

Aug 23, 2019

Scheduling Order

Jun 7, 2019

Motion to Dismiss

After reviewing the complaint(s) filed by plaintiffs, defendants have filed a motion requesting that the court dismiss some or all of the plaintiffs' claims. In a motion to dismiss, defendants might challenge the validity of plaintiffs' claims or adequacy of plaintiffs' pleadings. Once a motion to dismiss is filed, the judge will make a decision on whether part or all of the case should be dismissed or the case can proceed as alleged.

May 29, 2019

Scheduling Order

Apr 15, 2019

First Amended Complaint

A new complaint has been filed on behalf of certain investors in ACADIA PHARMACEUTICALS INC. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.

Mar 7, 2019

Scheduling Order

Feb 26, 2019

Appointment of Lead Plaintiff

The court has appointed a lead plaintiff to represent the interests of investors in the lawsuit. The lead plaintiff works with the attorneys handling the case, helps oversee the litigation, and represents the interests of the proposed class.

Sep 18, 2018

Scheduling Order

Jul 23, 2018

Additional Complaint

Another plaintiff has filed a complaint on behalf of investors in ACADIA PHARMACEUTICALS INC. The allegations and class definitions are substantively the same.

Jul 19, 2018

First Filed Complaint

A securities fraud class action complaint has been filed on behalf of certain investors in ACADIA PHARMACEUTICALS INC.

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