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BIOSANTE PHARMACEUTICALS, INC. DERIVATIVE LIT.

Case No. 12 C 3480.

968 F.Supp.2d 940 (2013)

In re BIOSANTE PHARMACEUTICALS, INC. DERIVATIVE LITIGATION.

United States District Court, N.D. Illinois, Eastern Division.

September 11, 2013.

Attorney(s) appearing for the Case

Deborah R. Gross, Law Offices of Bernard M. Gross, P.C., Philadelphia, PA, James E. Barz, Robbins Geller Rudman & Dowd LLP, Chicago, IL, Benny C. Goodman, III, Erik W. Luedeke, Robbins Geller Rudman & Dowd LLP, San Diego, CA, for Plaintiffs.

Carl E. Volz, David H. Kistenbroker, Ashley John Burden, Dechert LLP, Chicago, IL, for Defendants.

MEMORANDUM OPINION AND ORDER

JOAN B. GOTTSCHALL, District Judge.

BioSante is a specialty pharmaceutical company focused on developing products for female sexual health and oncology. BioSante developed LibiGel, a low-dose transdermal testosterone gel. LibiGel was meant to treat women with hypoactive sexual desire disorder ("HSDD"), which is a form of female sexual dysfunction ("FSD"). This shareholder derivative action against BioSante's board of directors...

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