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On April 25, 2022, defendants filed a motion to dismiss the consolidated amended complaint.
−Removed: After the Sinnathurai Action was filed, three derivative lawsuits were filed and are currently pending in the U.S.
−Removed: District Court for the District of Maryland:
+Added: On June 9, 2022, the co-lead plaintiffs filed an opposition to the motion to dismiss and on July 11, 2022, the Company filed a reply brief.
+Added: The matter is now fully briefed.
+Added: The Court has not indicated whether it intends to schedule any hearing on the motion before issuing a ruling.
+Added: After the Sinnathurai Action was filed, five derivative lawsuits were filed:
8:21-cv-02996-TDC (the “Meyer Action”), Shui Shing Yung v.
−Removed: 8:21-cv-03248-TDC (the “Yung Action”), and William Kirst, et al.
−Removed: 8:22-cv-00024-TDC (the “Kirst Action”).
+Added: 8:21-cv-03248-TDC (the “Yung Action”), William Kirst, et al.
+Added: 8:22-cv-00024-TDC (the “Kirst Action”), Amy Snyder v.
+Added: 8:22-cv-01415-TDC (the “Snyder Action”), and Charles R.
+Added: Blackburn, et al.
+Added: 1:22-cv-01417-TDC (the “Blackburn Action”).
+Added: The Meyer, Yung, Snyder, and Blackburn Actions were filed in the U.S.
+Added: District Court for the District of Maryland.
+Added: The Kirst Action was filed in the Circuit Court for Montgomery County, Maryland, and shortly thereafter removed to the U.S.
+Added: District Court for the District of Maryland by the defendants.
The derivative lawsuits name members of the board of directors and certain members of senior management as defendants.
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Plaintiffs seek declaratory and injunctive relief, as well as an award of monetary damages and attorneys’ fees.
−Removed: Novavax removed the Kirst Action from the Circuit Court for Montgomery County, Maryland, shortly after the case was filed.
−Removed: On February 7, 2022, the plaintiffs in the Kirst Action filed a motion to remand the case to state court.
−Removed: The Company has opposed the remand motion.
−Removed: The parties finished briefing the remand motion on March 8, 2022, and await the Court’s decision.
+Added: On July 21, 2022, the Court issued a memorandum opinion and order remanding the Kirst Action to state court.
On February 4, 2022, the Court entered an order consolidating the Meyer and Yung Actions (the “Consolidated Derivative Action”).
The plaintiffs in the Consolidated Derivative Action filed their consolidated derivative complaint on April 25, 2022.
−Removed: The parties to the Consolidated Derivative Action intend to file a stipulation and proposed order to temporarily stay all proceedings and deadlines in the Consolidated Derivative Action.
+Added: On May 10, 2022, the Court entered an order in the Consolidated Derivative Action granting the parties’ request to stay all proceedings and deadlines pending the earlier of dismissal or the filing of an answer in the Sinnathurai Action.
+Added: If a related derivative action is filed and is not stayed, the Meyer and Yung plaintiffs may seek to terminate the stay.
+Added: On June 10, 2022, the Snyder and Blackburn Actions were filed.
+Added: The Snyder and Blackburn plaintiffs have expressed their intent to move the court to consolidate all of the derivative actions pending in Maryland federal court and to appoint lead counsel.
+Added: On July 21, 2022, the Court ordered the parties in the Consolidated Derivative Action, the Snyder Action, and the Blackburn Action to meet and confer concerning consolidation, the appointment of lead counsel, and the ongoing stay of proceedings in the Consolidated Derivative Action.
+Added: Should the parties fail to reach agreement on those issues, the Snyder and Blackburn plaintiffs were granted leave to file a motion for consolidation and appointment of lead counsel by August 18, 2022.
Par Sterile Products, LLC Arbitration
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.