PharmAthene Announces Conclusion of Oral Arguments In Its Litigation Against SIGA
October 07 2015 - 5:28PM
PR Newswire (US)
ANNAPOLIS, Md., Oct. 7, 2015 /PRNewswire/ -- PharmAthene, Inc.
(NYSE MKT: PIP) announced that oral arguments in SIGA's
appeal and PharmAthene's cross-appeal of the Delaware Court of Chancery's January 15, 2015 Final Order and Judgment in
PharmAthene's litigation against SIGA took place in the
Delaware Supreme Court today at 11:00 am
ET. The oral argument proceedings may be viewed online at:
http://livestream.com/DelawareSupremeCourt/events/4404659/videos/101331469
No conclusions about the final outcome of the case should be
drawn from the arguments of counsel before the Court. There
can be no assurances that the Delaware Supreme Court will rule in
PharmAthene's favor, or that PharmAthene will receive any payments
from SIGA. The Court could take a variety of actions, including
reversing the previous decision or remanding the case to the Court
of Chancery.
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SOURCE PharmAthene, Inc.
Copyright 2015 PR Newswire
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