Alcon Shareholders Seek 2nd Shot In Merger Suit

Law360, New York (June 30, 2010, 4:10 PM EDT) -- Plaintiffs in a shareholder lawsuit accusing Novartis AG of shortchanging them in its $28.1 billion merger with eye care company Alcon Inc. have asked a federal judge to give them a shot at repleading their claims, which were recently dismissed on the grounds of forum non conveniens.

In a filing Friday in the U.S. District Court for the Southern District of New York, the plaintiffs urged Judge Victor Marrero to allow them to file an amended complaint that would eliminate the claims that are governed by...
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