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Douglas v. Witney et al
Case Number:
3:16-cv-00921
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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June 30, 2016
Affymetrix Investor Settles Suit Over $1.3B Thermo Fisher Sale
An Affymetrix shareholder will settle proposed class claims alleging the biotech's $1.3 billion buyout by Thermo Fisher resulted from a curtailed sales process due to a conflict of interest with its financial adviser, Morgan Stanley, according to a letter in California federal court.
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February 25, 2016
Morgan Stanley Ties Marred $1.3B Affymetrix Deal, Suit Says
An Affymetrix shareholder launched a putative class action in California federal court Wednesday, alleging the biotech's $1.3 billion buyout by Thermo Fisher resulted from a "truncated" sales process tainted by a conflict of interest with Affymetrix's financial adviser, Morgan Stanley.