Replies to post #109114 on BioAmber Inc (fka BIOAQ)

[Real McCoy]

Bioamber isn’t paying anything it has been liquidated.

Now- please provide the identity of anyone still working for or on behalf of the shell in any capacity whatsoever.

[1manband]

The OTHER defendants are paying those fees per the agreement. BioAmber no longer exists and has no assets of any kind. They have not offered any representation in the class-action in a very long time.

[I-Glow]

The settlement fund will be funded by MARIO SAUCIER and JEAN-FRANÇOIS HUC.

The settlement fund is only $2,250,000 an the attorney fees are $750,000 plus expenses not to exceed $60,000.

Don't forget the settlement fund also will be used to pay taxes due on interest earned by the settlement fund, if necessary, and the costs of the claims administration, including the costs of printing and mailing this Notice and the costs of publishing notice. After the foregoing deductions from the settlement fund have been made, the amount remaining (“Net Settlement Fund”) will be distributed according to the Plan of Allocation to be approved by the Court to Settlement Class Members who submit timely, valid claims (“Authorized Claimants”).

This is the preliminary settlement and can be adjusted - I wouldn't be too excited that the settlement means BioAmber is still in business.

IG