Oliver v. BU

CONCLUDED

Hearing
11/08/07 – 11/08/07

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Summary

Settlement hearing. CVN previously covered a 2007 proceeding in this matter.

A group of minority shareholders, led by Plaintiff Sergio M. Oliver (�Oliver�), brought to trial a series of claims challenging certain transactions before Seragen�s merger with Ligand in August 1998 and the process by which the merger proceeds were divvied up.

Outcome

Judgment for the Plaintiffs, in part, and for the defendants in part.

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