Free Status Report - District Court of Delaware - Delaware

Case 1 :07-cv—00332-GIVIS Document 21 Filed 07/29/2008 Page 1 of 1
YOUNG CONAWAY STARGATT & TAYLOR, LLP
THE BRANDYWINE BUILDING
1000 WEST STREET, 17TH FLOOR 1
KAREN L. PASCALE w1LMiNGmN, DELAWARE 19801 (302) 571-6600 l
DIRECT D1AL: (302) 571-5001 (302) 571-1253 FAX 1
DIRECT EAx: (302) 576-3516 p_O_ BOX 391 (800) 253-2234 (DE ONLY)
kP¤S<>¤l€@Y€St—€0m WILMINGTON, DELAWARE 19899-0391 ww.y¤u¤gc¤¤¤way.c¤m
July 29, 2008
By CM/EGF
The Honorable Gregory M. Sleet
United States District Court
844 N. King Street
Wilmington, DE 19801
Re: Teva Pharmaceutical Industries Ltd and Teva Pharmaceuticals USA, Inc. v.
Torrent Pharmaceuticals Ltd and Torrent Pharma, Inc.,
C. A. No. 07-332-GMS
Dear Chief Judge Sleet: L
On behalf of all parties to the action, I submit this joint status report pursuant to the
Court's July 15, 2008 Order (D.l. 20). The parties had been scheduled to appear before
Magistrate Judge Thynge on May 21, 2008 for a mediation to resolve their claims. Shortly
before that mediation, the parties reached agreement on the basic terms of a settlement and
jointly requested that the mediation be canceled. Since then, the parties have exchanged drafts of
the final settlement document and have been working to finalize it. Although there are
some details left to work out, the parties believe it is likely they will be able to execute the
settlement agreement within the next two weeks. The parties will advise the Court promptly 1
should it become apparent that they will not be able to execute the settlement without further
assistance by the Court.
Respectfully,
Karen L. Pascale KF ,2 7 O3,
1
cc: Francis J. Murphy, Jr., Esquire (by CM/ECF and e-mail)
Keith D. Parr, Esquire (by CM/ECF and e-mail)
Robert V. Cerwinski, Esquire (by CM/ECF and e-mail)
Huiya Wu, Esquire (by CM/ECE and e-mail) l
oE02;70216401 0659821001