Vivus: into single digits Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : Vivus: into single digits

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: VLAD who wrote (436)	5/18/1998 8:50:00 PM
From: Herm	Read Replies (3) of 1016

Don't look now! I'm summarizing what came in the mail today. The United State District Court for the Southern District of New York just mailed out Notices of Pendency of Class Action and of Proposed Settlements in regards to the Nasdaq Market-Makers Antitrust Litigation against VVUS. 94 Civ. 3996 (RWS) M.D.L. No,.1023. The Proposed Settlements provide for aggregate payments, which, including interest, will total approximately $1,027,000,000 (before deductions for such fees and expenses as may be permitted by the Court) by the anticipated time of distribution 1999 (the "Settlement Fund"). Class Counsel will petition the Court sometime in late July for an award of attorney fees, not to exceed 17.5% of the Settlement Fund, and for reimbursement of litigation expenses, including the fees and expenses of experts. It will be very interesting where CEO Leland Wilson thinks 1 billion plus dollars would come from! Let's see what song and dance he will offer at the annual meeting of stockholders on May 21, 1998.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next