Enzo Settles Litigation With Founder Over Firing

Law360, New York (January 28, 2010, 4:14 PM EST) -- Enzo Biochem Inc. has reached a settlement with founder and board member Shahram Rabbani, who slapped the company with a $10 million breach of contract arbitration claim in 2009 and recently sought to delay its annual meeting due to a dispute over board nominees.

The case, in the U.S. District Court for the Southern District of New York, reached its resolution at a settlement conference Thursday, according to attorneys for Enzo.

“There was a global settlement of all litigation between Shahram Rabbani and Enzo this morning,”...
To view the full article, register now.