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starbuxsux

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Re: nymostwanted post# 2055

Thursday, 05/15/2014 12:18:58 PM

Thursday, May 15, 2014 12:18:58 PM

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Affymax settles litigation

Affymax (AFFY -2.3%) settles the securities class action suit, Bartelt vs Affymax, Inc. et al., Case No. 3-13-CV-01025 initially filed on February 27, 2013.

The settlement payment of $6.5M resolves the case and dismisses all claims against the defendants. The company's insurance carrier paid the claim per its insurance policy.

http://www.sec.gov/Archives/edgar/data/1158223/000115822314000005/a8-klitigationsettlement.htm

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