Geron Corp (GERN)

[subslover]

GERN
On March 2, 2017, the parties to the Securities Class Action, through their respective counsel, executed a Stipulation and Agreement of Settlement (the “Stipulation”) and related documents formalizing an agreement to settle the Securities Class Action. Under the Stipulation, in exchange for the dismissal with prejudice of all claims against all defendants in connection with the Securities Class Action, the Company has agreed to settle the Securities Class Action for $6.25 million in cash. The Company expects $6.0 million of the settlement amount to be paid by the Company’s insurance providers and the remaining $250,000 to be paid by the Company. The settlement does not constitute any admission of fault or wrongdoing by the Company or any of the individual defendants