AKCA.US
id: 318, Created by Stan Vick, Scout
How it works?
- Company agreed to settle with investors to avoid further litigation
- We prepare documents and claim payout for you
Claim deadline for this case already passed by, but we can still try and file for compensation for you
Delaware court of Chancery
Court19 Jul 2017
Class period Start12 Oct 2020
Class period End11 Oct 2022
Claim deadlineAkcea 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.
Alleged Offence
Other
Suspected Party
Other
Security Type
Stocks
Trade Direction
Long
Plaintiffs
John Makris, Sean Sego, Omar Wever-Pinzon, Jordan Schlee
Attorneys
Labaton Sucharow LLP
Judge
Hon.Lori Will
Administrator
A.B. Data Ltd
Court hearing date
11 October 2022
+$12,500,000
Total Settlement Amount