Replies to post #141361 on NorthWest Biotherapeutics Inc (NWBO)

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Here's the Yonemura case update (taken off the pdf):

IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF MARYLAND

CHRISTINE YONEMURA, Plaintiff,
v.
LINDA POWERS, et al.,
Defendants.
JOINT STATUS REPORT

Case No.: 8:15-cv-03526-PX

The Plaintiff and the Defendants (collectively, the “Parties”) respectfully submit this joint status report under this Court’s August 9, 2017 Order [ECF No. 48], and jointly state as follows:

1. On May 19, 2017, the Parties entered into a stipulation of settlement, which was submitted to the Delaware Court of Chancery for approval in a parallel case captioned Tharp v. Cognate, C.A. No. 11179-VCG (Del. Ch.). The settlement resolves the claims brought in both cases, and therefore the stipulation provides that “[w]ithin seven (7) days of the Effective Date” of the settlement agreement (as defined therein), “Plaintiff Yonemura will voluntarily dismiss” this action.

2. Notice of the settlement was distributed to the shareholders of Northwest Biotherapeutics, Inc. (“Northwest”) from August 1, 2017 to September 29, 2017. The notice administrator filed an affidavit of mailing of notice of pendency and proposed settlement in the Delaware Court of Chancery on October 2, 2017.

3. On October 17, 2017, the Delaware Court of Chancery convened a hearing to consider whether to approve the settlement, and following the hearing, the court entered a final order and judgment approving the settlement as fair, reasonable, adequate, and in the best interest of Northwest and a class consisting of its shareholders. The final order and judgment also approved plaintiffs’ counsel’s request for attorneys’ fees and expenses, and it dismissed the claims in the Tharp case, which overlap with the claims here.

4. The Plaintiff intends to dismiss this case with prejudice on or before November 23, 2017, which is seven days after the Delaware Court of Chancery’s final order and judgment is expected to become non-appealable, assuming that no appeal is filed before then.

5. The Parties submit that the proceedings in this case should remain stayed pending the finalization of the settlement and anticipated dismissal of this case shortly thereafter.