Emergent Sues Protein Sciences Over Failed Deal

Law360, New York (July 11, 2008, 12:00 AM EDT) -- Emergent BioSolutions Inc. has filed suit against Protein Sciences Corp. after its planned acquisition of the biotech company allegedly fell apart in late June.

The lawsuit, filed Wednesday in New York State Supreme Court, alleges that Protein Sciences, a Meriden, Conn.-based company that uses DNA technology to manufacture vaccines, engaged in fraudulent conduct and breached the terms of its asset purchase agreements with Emergent.

Emergent, a Rockville, Md.-based biotech company, is suing Protein Sciences and two of its executives for $13 million plus interest and punitive...
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