Innovation Pharmaceuticals Inc (IPIX)

[Rdunn88]

KarinCA, Can you forward this to Leo? 20 million, so what's 100 million in lost market cap worth? And, Rosen is guilty as hell...

http://www.rosenlegal.com/media/news/629_Galena%20Biopharma%20Newsletter-PRINTS.pdf

Settlement
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The Rosen Law firm, on behalf of the Plaintiffs, reached a settlement with Galena officers and directors after the parties engaged in hard-fought and arm’s length settlement negotiations before a former U.S. district judge in two mediations over six months. The Court’s decision rejecting Galena’s arguments gave the Plaintiffs exellent negotiating leverage The proposed settlement
is for $20 million, consisting of $19 million cash and $1 million in Galena stock. If approved,it will be one of the largest
settlements in a stock promotion case. The case continues against the promoters