We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Endocyte's $2.1B Sale To Novartis 'Unfair' To Investors: Suit

Law360 (November 6, 2018, 6:35 PM EST) -- Cancer treatment company Endocyte Inc. and its directors omitted crucial information from a proxy statement and undervalued the business in its $2.1 billion acquisition by Novartis AG, according to an investor who called the deal “fundamentally unfair” to stockholders in a lawsuit in Indiana federal court Tuesday.

Shareholder Elaine Wang accused Endocyte, a biopharmaceutical company that produces targeted therapies for various cancers and inflammatory diseases, of violating federal securities laws by failing to disclose financial projections in its proxy filing to the U.S. Securities and Exchange Commission, and by entering into an agreement that Wang said would not compensate investors properly. ...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Attached Documents

map

Kirkland & Ellis LLP has redefined what it means to be the biggest of BigLaw — weighing in at 2,116 attorneys by year end 2018 and becoming the first firm since Law360 began tracking law firm head counts to top 2,000 U.S.-based attorneys.

Related

Sections

Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only

Court

Indiana Northern

Nature of Suit

Securities/Commodities

Judge

Subscribers Only

Date Filed

November 6, 2018

Law Firms

Companies

Government Agencies