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IN RE QLT INC. SECURITIES LITIGATION

No. 01 Civ.669(SHS).

312 F.Supp.2d 526 (2004)

In re QLT INC. SECURITIES LITIGATION

United States District Court, S.D. New York.

March 31, 2004.

OPINION AND ORDER

STEIN, District Judge.

This action arises from a sharp fall in the price of QLT Inc. common stock on December 14, 2000, after QLT, a Vancouver-based pharmaceutical manufacturer whose common stock is listed on the NASDAQ and Toronto stock exchanges, issued a financial update stating that the fourth quarter 2000 sales of its main product, Visudyne, were expected to be lower than previously...

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