As previously reported in its Quarterly Report on Form 10-Q for the quarter ended September 30, 2012 ("Form 10-Q"), Forest Laboratories, Inc. ("Forest") entered into a Stipulation of Compromise and Settlement dated October 8, 2012 (the "Stipulation") to resolve shareholder derivative actions against Forest's directors and certain of its officers filed in New York State Supreme Court (the "State Court") under the caption John Hawley Trust, by John M. Hawley Jr., Trustee, on behalf of himself and all others similarly situated and derivatively on behalf of Nominal Defendant Forest Laboratories, Inc., vs. Howard Solomon et al., Defendants and Forest Laboratories, Inc., Nominal Defendant (the "Hawley Action") and in the U.S. District Court for the Southern District of New York (the "Federal Court") under the caption In Re: Forest Laboratories, Inc. Derivative Litigation (the "Federal Action" and collectively with the Hawley Action, the "Derivative Actions").

On November 30, 2012, the State Court entered an order preliminarily approving the settlement of the Derivative Actions on the terms set forth in the Stipulation previously reported in the Form 10-Q, providing for notice of the proposed settlement to Forest's stockholders, and scheduling a hearing for January 9, 2013, at 10:00 a.m. Eastern time to consider whether to: (i) approve the proposed settlement contemplated by the Stipulation, (ii) approve the award of fees and expenses requested by plaintiffs' counsel, and (iii) enter a judgment dismissing the Hawley Action with prejudice as set forth in the Stipulation filed with the State Court. In accordance with the Stipulation, if the State Court approves such matters and the Hawley Action is dismissed, the parties will take such action as necessary to dismiss the Federal Action.

The Notice of Proposed Settlement of Derivative Actions, Hearing Thereon, and Right to Appear in the form approved by the Court is furnished herewith as Exhibit 99.1 .

(a) Not Applicable.
(b) Not Applicable.
(c) Not Applicable.
(d) Exhibits:

The following exhibits are furnished herewith:

    Exhibit No.          Exhibit Description
              99.1         Form of Notice of Proposed Settlement of Derivative
                           Actions, Hearing Thereon, and Right to Appear