Protagenic Therapeutics Inc. (PTIX)

[Slyder75]

A few items:

I can't imagine a business like ATRN would be flying naked without Employment Practices Liability Coverage. Therefore, that settlement was likely closed by the carrier, and obviously, the docs sealed.

Now if there was insurance behind the whole suit, it wouldn't hold up any deal prior to closing on a merger/buyout, as the claim would have been made prior to entry into an agreement. Especially if the transaction was an asset purchase and they had retire the stock and ATRN was no longer an operating entity.

In short, I can't imagine that the closing of the lawsuit is a 'sign' that something is right around the corner. It's likely a negotiated settlement in a timely fashion by the carrier to avoid a lengthy court battle. The last thing you want to be in is a court room in NYC saying they fired someone for being pregnant. That's BIG BUCKS!