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Biotech / Medical : Munch-a-Biotech Today

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To: DewDiligence_on_SI who wrote (2913)10/8/2010 10:56:41 AM
From: Steve Lokness   of 3158
 
And what do shareholders get?

Tuesday, October 5, 2010 -

ZymoGenetics settles lawsuits over Bristol-Myers deal

By Seattle Times business staff
ZymoGenetics said it has settled purported class-action lawsuits filed in King County Superior Court over its agreement to be acquired by Bristol-Myers Squibb.

In a regulatory filing, the Seattle biotechnology company said it had agreed to provide additional disclosures about the process of reaching a deal with Bristol-Myers. The companies also will pay $625,000 in legal fees and expenses for the litigation.

The settlement must be approved by the court and is contingent on the acquisition being completed.

Copyright © The Seattle Times Company


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