Isolagen Wins Dismissals Of Shareholder Suits

Law360, New York (September 14, 2006, 12:00 AM EDT) -- Two shareholder derivative lawsuits against Isolagen Inc. have been dismissed over the last couple of weeks, the company said Thursday.

The first case, before the Chester County Court of Common Pleas in Pennsylvania, was dismissed with prejudice on Aug. 31, while the second case, before the 55th Judicial District Court of Harris County, Texas, was dismissed on Sept. 6.

“We are very pleased that the courts in both Texas and Pennsylvania agreed with our arguments and granted dismissal,” said Nicholas L. Teti Jr., chairman and CEO...
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