Updates to our Terms of Use

We are updating our Terms of Use. Please carefully review the updated Terms before proceeding to our website.

Thursday, March 28, 2024 | Back issues
Courthouse News Service Courthouse News Service

Shareholders Challenge APP Pharma Merger

CHICAGO (CN) - Shareholders claim APP Pharmaceuticals breached fiduciary duty in a merger with a subsidiary of Fresenius, allowing APP Chairman Patrick Soon-Shiong to cash out his illiquid assets for $3 billion.

The plaintiff class also object to the merger's $140 million termination fee and claim APP filed false statements with the SEC. APP make injectable medical products.

They are represented in Cook County Chancery Court by Amelia Newton with Lasky & Rifkind.

Categories / Uncategorized

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.

Loading...