Illumina, Investor Drop Fight Over Poison Pill In Roche Bid

Law360, New York (July 31, 2012, 5:04 PM EDT) -- Gene sequencing company Illumina Inc. and one of its shareholders agreed Monday to resolve the investor's suit, which he had intended to use as an antidote to Illumina's poison pill efforts to block Roche Holding AG's hostile takeover attempt.

The joint motion for dismissal, filed in California federal court, squelches one of the last still-smoldering pieces of Roche’s failed $6.2 billion buyout bid for Illumina, rejected by Illumina’s board even after the Swiss company sweetened a $5.7 billion offer it had leveled early this year....
To view the full article, register now.




Case Information

Case Title

Derfler v. Illumina, Inc. et al

Case Number



California Southern

Nature of Suit



Roger T. Benitez

Date Filed

March 5, 2012

Law Firms


Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.