LEGAL PROCEEDINGS
−Removed: Our predecessor company, Galena was involved in multiple legal proceedings and administrative actions, including stockholder class actions, both state and federal, some of which are ongoing and to which we are now subject as a result of the Merger.
+Added: Our predecessor, Galena, was involved in multiple legal proceedings and administrative actions, including stockholder class actions, both state and federal, some of which are ongoing and to which we are now subject as a result of the Merger.
They are as follows:
−Removed: On February 13, 2017, multiple putative shareholder securities class action complaints were filed in federal court alleging, among other things, that Galena and certain of its former officers and directors failed to disclose that Galena’s promotional practices for Abstral® (fentanyl sublingual tablets) were allegedly improper and that Galena may be subject to civil and criminal liability, and that these alleged failures rendered Galena’s statements about its business misleading.
−Removed: The individual actions were consolidated, lead plaintiffs were named by the federal court and a consolidated complaint was filed.
−Removed: Galena filed a motion to dismiss the consolidated complaint on December 15, 2017.
+Added: On February 13, 2017, certain putative shareholder securities class action complaints were filed in federal court alleging, among other things, that Galena and certain of Galena's former officers and directors failed to disclose that Galena’s promotional practices for Abstral® (fentanyl sublingual tablets) were allegedly improper and that Galena may be subject to civil and criminal liability, and that these alleged failures rendered Galena’s statements about its business misleading.
+Added: The actions were consolidated, lead plaintiffs were named by the U.S.
+Added: District Court for the District of New Jersey and a consolidated complaint was filed.
+Added: We filed a motion to dismiss the consolidated complaint.
On August 21, 2018, our motion to dismiss the consolidated complaint was granted without prejudice to file an amended complaint.
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On November 13, 2019, the U.S.
−Removed: District Court for the District of New Jersey granted our motion to dismiss with leave to file an amended complaint.
−Removed: On December 20, 2019, the lead plaintiffs filed a Second Amended Consolidates Class Action Complaint.
+Added: District Court for the District of New Jersey granted our motion to dismiss without prejudice to file an amended complaint.
+Added: On December 20, 2019, the lead plaintiffs filed a second Amended Consolidated Class Action Complaint.
On January 29, 2020, we filed a motion to dismiss the amended complaint.
+Added: On January 5, 2021, the U.S.
+Added: District Court for the District of New Jersey granted our motion to dismiss without prejudice to file an amended complaint.
+Added: On February 18, 2021, the lead plaintiffs filed a third Amended Consolidated Class Action Complaint.
+Added: We deny the allegations in this action and intend to vigorously defend against them.
+Added: We are unable, however, to predict the outcome of this matter at this time.
In March 2017, a derivative complaint was filed in the U.S.
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District Court for the District of New Jersey against Galena’s former directors, officers and employees, and us as a nominal defendant.
−Removed: In June 2018, a derivative complaint was filed in U.S.
−Removed: District Court for the Northern District of California against our current and former directors, and us as a nominal defendant.
−Removed: The plaintiff in the June 2018 case voluntarily withdrew his complaint from the U.S.
−Removed: District Court of the Northern District of California and on August 27, 2018 refiled the complaint in the Court of Chancery of the State of Delaware.
−Removed: These complaints purport to assert derivative claims for breach of fiduciary duty on our behalf against our former directors and, in certain of the complaints, our current directors, and our former officers and former employees, based on substantially similar facts as alleged in the putative shareholder securities class action complaints mentioned above.
−Removed: The March 2017, July 2017, and January 2018 lawsuits are currently stayed pending resolution of motions to dismiss in the referenced securities class action.
−Removed: The defendants in the August 2018 lawsuit filed a motion to dismiss the complaint.
−Removed: On November 13, 2019, the motion to dismiss was granted in its entirety by the Court of Chancery of the State of Delaware.
−Removed: We deny the allegations in these cases and intend to vigorously defend against them.
−Removed: We are unable, however, to predict the outcome of these matters at this time.
+Added: These complaints purport to assert derivative claims for breach of fiduciary duty on our behalf against our former directors and, in certain of the complaints, certain of our former officers and former employees, based on substantially similar facts as alleged in the putative shareholder securities class action complaints mentioned above.
+Added: The derivative lawsuit filed in California state court is currently stayed pending resolution of a motion to dismiss in the referenced securities class action.
+Added: On July 13, 2020 and July 16, 2020, respectively, we filed motions to dismiss the two complaints filed in the U.S.
+Added: District Court for the District of New Jersey.
+Added: We have reached a settlement in principle with the plaintiffs in these three cases which is subject to final documentation and court approval.
MINE SAFETY DISCLOSURES
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.