Emergent Biosolutions Has Entered Into An Agreement To Resolve The Previously Disclosed Securities Class Action Litigation, Emergent Will Pay $40M To Settle Claims
Portfolio Pulse from Benzinga Newsdesk
Emergent Biosolutions has agreed to pay $40 million to settle a securities class action litigation. This settlement resolves previously disclosed claims against the company.
September 13, 2024 | 10:50 am
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Emergent Biosolutions has agreed to a $40 million settlement to resolve a securities class action litigation. This settlement addresses previously disclosed claims, potentially alleviating legal uncertainties for the company.
The settlement of $40 million resolves ongoing legal issues, which could be seen positively by investors as it removes a layer of uncertainty. This resolution might lead to a short-term positive impact on EBS's stock price as it clears a legal hurdle.
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