Drug Co., Investors Win OK For $3.4M Stock Drop Deal

Law360, New York (October 4, 2017, 5:28 PM EDT) -- A California federal judge has approved a $3.4 million deal to end a stock drop suit between Ampio Pharmaceuticals Inc. and investors over allegations that the company misled investors about a drug trial for its osteoarthritis treatment.

U.S. District Judge Terry J. Hatter Jr. granted final approval to the $3.4 million deal after initially rejecting a preliminary bid in February. The settlement covers all investors who bought Ampio stock from January to August 2014, with the company not admitting liability. Class counsel from The Rosen Law...
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Case Information

Case Title

Guidano Napoli v. Ampio Pharmaceuticals, Inc. et al


Case Number

2:15-cv-03474

Court

California Central

Nature of Suit

Securities/Commodities

Judge

Terry J. Hatter, Jr

Date Filed

May 8, 2015

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