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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject5/30/2001 2:27:09 PM
From: besttrader   of 37746
 
14:22 ET Interneuron Pharmaceutic. (IPIC) 5.55 -0.11 (-1.9%): After being halted for most of the day, IPIC announces it has entered into an agreement with AHP that includes complete indemnification for certain classes of product liability cases filed against Interneuron related to Redux. In return, IPIC has agreed to withdraw its lawsuit against AHP. The agreement also provides for AHP to fund additional insurance coverage to supplement IPIC's existing product liability insurance and to fund all future legal costs related to IPIC's defense of Redux-related product liability cases.
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