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id: 318, Created by Stan Vick Chase, Scout
Akcea Therapeutics Inc
19 July 2017Class period Start
12 October 2020Class period End
Akcea agreed to pay $12.5 million to settle a securities class action lawsuit.
The original complaint alleged that the Company's Director and Ionis as the majority stockholder of Akcea breached their fiduciary duties in connection with the Merger, including by, among other things, not properly accounting for the value of claims brought in the Derivative Litigation when negotiating the $18.15 price to be paid in the Merger.
Akcea agreed to settle with investors to avoid further litigation.
John Makris, Sean Sego, Omar Wever-Pinzon, Jordan Schlee
Labaton Sucharow LLP
Delawere court of Chancery
A.B. Data Ltd
Court hearing date
11 October 2022
+$12,500,000Total Settlement Amount