Radient Pharmaceuticals Corporation fka RXPC

[lakeshore555]

What happens if Radient doesn't put the $2.5 million in escrow within 15 business days?

Answer: They go back to court.

http://securities.stanford.edu/filings-case.html?id=104660

C.1. Subject to the terms of this Stipulation, the sum of $2,500,000 (Two Million Five Hundred Thousand Dollars) shall be paid into the Escrow Account within fifteen (15) business days after the Court issues the Preliminary Approval Order. That payment shall constitute the Settlement Amount. The Settlement Amount shall be paid exclusively by the Radient Defendants.

L.3. If the Settlement Amount payable pursuant to paragraph C.1. of this Stipulation is not paid, then the Lead Plaintiffs, in their sole discretion, may elect, at any time prior to the Court's entering the Order and Final Judgment, (a) to terminate the Settlement by providing written notice to the Settling Parties; or (b) to enforce the terms of the Settlement and this Stipulation and seek a judgment effecting the terms herein.