Chancery Saves Ligand From $3.75B Loss On Bond Bungle

By Dean Seal (May 24, 2019, 7:30 PM EDT) -- The Delaware Chancery Court dismissed an investor suit Friday seeking to enforce a botched formula in a bond indenture from Ligand Pharmaceuticals Inc. that would have given bond traders a $4 billion conversion right for $250 million in notes....

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