OvaScience Board Ducks Shareholders' IVF Treatment Suit

Law360, Boston (April 16, 2018, 3:16 PM EDT) -- The board of OvaScience Inc. on Friday escaped a derivative suit brought by shareholders who claim that misleading statements about an in vitro fertilization treatment caused a sharp stock drop, after a federal judge ruled the biotech company did not make any transactions requiring shareholder approval.

The Waltham, Massachusetts-based fertility treatment developer overpromised on the number of patients for its pricey IVF product called Augment and oversold its success rate, according to the shareholders' complaint. When OvaScience later reported that it would not meet its goal, the...
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Case Title

Chiu et al v. Dipp et al


Case Number

1:17-cv-11382

Court

Massachusetts

Nature of Suit

Securities/Commodities

Judge

Indira Talwani

Date Filed

July 27, 2017

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