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Re: 654321 post# 3952

Tuesday, 04/11/2017 1:19:38 AM

Tuesday, April 11, 2017 1:19:38 AM

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Geron settling class-action securities suit for $6.25M
Apr. 10, 2017 7:00 PM ET|About: Geron Corporation (GERN)|By: Jason Aycock, SA News Editor
Geron (GERN +19.5%) says in a filing that it's entered into a settlement resolving a consolidated class-action securities lawsuit.
In exchange for dismissal with prejudice of all claims against all defendants in the matter, Geron is settling for $6.25M in cash -- $6M of which will be paid by Geron's insurers, with the company ponying up $250K and admitting no wrongdoing.
The class consisted of buyers of the company's stock between Dec. 10, 2012 through and including March 11, 2014.
The settlement heads for a fairness hearing on July 21, 2017.
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