Case Page

 

Case Status:    SETTLED
On or around 12/22/2015 (Settlement preliminarily approval)

Filing Date: October 24, 2014

According to the law firm press release, the lawsuit claims that iBio issued materially false and misleading statements to investors by wrongfully suggesting that iBio’s Launch platform patents and related proprietary technology would be licensed by the makers of the experimental Ebola drug, ZMapp. The lawsuit claims that when the true facts were revealed, the price of iBio’s stock dropped damaging investors.

On December 16, 2015, the parties entered into a Stipulation of Settlement. This Settlement was preliminarily approved by the Court on December 22.

COMPANY INFORMATION:

Sector: Healthcare
Industry: Biotechnology & Drugs
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: IBIO
Company Market: New York SE
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: D. Delaware
DOCKET #: 14-CV-01343
JUDGE: Hon. Richard G. Andrews
DATE FILED: 10/24/2014
CLASS PERIOD START: 10/13/2014
CLASS PERIOD END: 10/23/2014
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Rigrodsky & Long, P.A.
    919 N. Market Street, Suite 980, Rigrodsky & Long, P.A., DE 19803
    302.295.5310 302.295.5310 · info@rigrodskylong.com
  2. The Rosen Law Firm P.A. (New York)
    275 Madison Avenue, 34th Floor, The Rosen Law Firm P.A. (New York), NY 10016
    (212) 686-1060 (212) 202-3827 ·
No Document Title Filing Date
COURT: D. Delaware
DOCKET #: 14-CV-01343
JUDGE: Hon. Richard G. Andrews
DATE FILED: 04/06/2015
CLASS PERIOD START: 10/13/2014
CLASS PERIOD END: 10/23/2014
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Hagens Berman Sobol Shapiro LLP (New York)
    One Penn Plaza, 36th Floor, Hagens Berman Sobol Shapiro LLP (New York), NY 01119
    212.752.5455 212.752.5455 · info@hbsslaw.com
  2. Rigrodsky & Long, P.A.
    919 N. Market Street, Suite 980, Rigrodsky & Long, P.A., DE 19803
    302.295.5310 302.295.5310 · info@rigrodskylong.com
  3. The Rosen Law Firm P.A. (New York)
    275 Madison Avenue, 34th Floor, The Rosen Law Firm P.A. (New York), NY 10016
    (212) 686-1060 (212) 202-3827 ·
No Document Title Filing Date